XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Share-Based Compensation | 3 Months Ended
--- | ---
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation The following table presents share-based compensation expense:
| For the Three Months Ended March 31,
| 2024 |  | 2025
Share-based compensation expense | $21.1 |  | $10.8
Tax benefit | 2.3 |  | 1.1
As of December 31, 2024, the Company had unrecognized share-based compensation expense of $38.1 million. As of March 31, 2025, the Company had unrecognized share-based compensation expense of $73.2 million, which will be recognized over a weighted average period of approximately three years (assuming no forfeitures). Restricted Stock The following table summarizes transactions in the Company’s restricted stock units:
| Restricted Stock Units |  | Weighted Average Grant Date Value Per Unit
Unvested units—December 31, 2024 | 0.8 |  | $147.46
Units granted | 0.3 |  | 166.02
Units vested | (0.4) |  | 136.46
Units forfeited | (0.0) |  | 157.49
Performance condition changes | — |  | —
Unvested units—March 31, 2025 | 0.7 |  | $159.75
For the three months ended March 31, 2024 and 2025, the Company granted restricted stock units with fair values of $26.5 million and $48.7 million, respectively. These restricted stock units were valued based on the closing price of the Company’s common stock on the grant date and the number of shares expected to vest. Restricted stock units containing vesting conditions generally require service over a period of three years to four years and may also require the satisfaction of certain performance conditions. For awards with performance conditions, the number of restricted stock units expected to vest may change over time depending upon the performance level expected to be achieved. Stock Options The following table summarizes transactions in the Company’s stock options:
| Stock Options |  | Weighted Average Exercise Price Per Option |  | Weighted Average Remaining Contractual Life (Years)
Unexercised options outstanding—December 31, 2024 | 1.7 |  | $78.45 |  |
Options granted | — |  | — |  |
Options exercised | (0.1) |  | 73.81 |  |
Options forfeited | — |  | — |  |
Options expired | (0.0) |  | 203.22 |  |
Performance condition changes | — |  | — |  |
Unexercised options outstanding—March 31, 2025 | 1.6 |  | $78.30 |  | 1.6
Exercisable at March 31, 2025 | 1.5 |  | $75.48 |  | 1.5
The Company did not grant any stock options during the three months ended March 31, 2024 and 2025. Stock options generally vest over a period of three years to five years and expire seven years after the grant date. All stock options have been granted with exercise prices equal to the closing price of the Company’s common stock on the grant date. Substantially all of the Company’s outstanding stock options contain both service and performance conditions. For awards with performance conditions, the number of stock options expected to vest may change over time depending upon the performance level expected to be achieved.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration