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SHARE-BASED COMPENSATION
 9 Months Ended
Sep. 30, 2025
SHARE-BASED COMPENSATION  
SHARE-BASED COMPENSATION

13.          SHARE-BASED COMPENSATION

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During the three and nine months ended September 30, 2025, the Company granted time-based restricted stock units and performance-based shares to certain of its employees totaling approximately 5,200 and 236,400 shares, respectively, with a combined weighted average grant date fair value of $113.11 and $130.09 per share, respectively.

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Total share-based compensation cost recognized in the Condensed Consolidated Statements of Income and Comprehensive Income as a component of general and administrative expenses was $5.3 million and $7.1 million for the three months ended September 30, 2025 and 2024 and $17.0 million and $19.1 million for the nine months ended September 30, 2025 and 2024, respectively. Total unrecognized compensation cost related to unvested share-based compensation arrangements was $26.2 million at September 30, 2025, and is expected to be recognized over a weighted average period of approximately 1.7 years. Total unrecognized compensation cost may be adjusted for any unearned performance shares or forfeited shares.

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