XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.3

SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Additional Information Related to Share-based Compensation

The following table provides details of the significant inputs used in the Monte Carlo simulation model:

			Nine months ended September 30,			2024			2023 (1)						2023 (2)						2023 (3)
			Expected volatility			26.00%			36.24%						29.30%						30.05%
			Expected term (in years)			3.0			3.0						1.0						3.0
			Expected dividend yield			n/a			n/a						n/a						n/a
			Risk-free interest rate			4.06%			3.79%						4.61%						3.39%

n/a - not applicable

(1) Performance restricted stock units granted in the ordinary course of business

(2) Performance restricted stock units granted in the three months ended March 31, 2023 in relation to senior leadership transition

(3) Performance restricted stock units granted in the three months ended June 30, 2023 in relation to senior leadership transition

The following table provides additional information related to share-based compensation:

			Nine months ended September 30,			2024						2023
			Share-based compensation expense			$	33,441					$	43,516
			Tax benefits associated with share-based compensation expense			$	6,274					$	6,640
			Fair value of restricted stock units vested(1)			$	44,710					$	54,654
			Unrecognized share-based compensation expense			$	70,073					$	76,871
			Expected weighted average period associated with the recognition of unrecognized share-based compensation expense			2.5 years						2.5 years

(1) Fair value is based on the closing price of the Company's common shares on the vest date.

Summary of Share-Settled Restricted Stock Units

The following table provides an activity summary of the Company's share-settled restricted stock units for the nine months ended September 30, 2024:

						Share-Settled Performance Restricted Stock Units												Share-Settled Service Restricted Stock Units
						Number of restricted stock units						Weighted  average grant date fair value						Number of restricted stock units						Weighted  average grant date fair value
			Non-vested restricted stock units - beginning of period			144						$	65.69					1,855						$	55.21
			Granted			104						65.77						728						59.79
			Vested			—						—						(732)						54.70
			Forfeited			(1)						65.78						(161)						56.49
			Non-vested restricted stock units - end of period			247						$	65.73					1,690						$	57.32

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration