XML 59 R49.htm IDEA: XBRL DOCUMENT v3.24.0.1

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock Option Activity

Stock option activity during 2021, 2022 and 2023 was as follows:

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (in years)				Aggregate Intrinsic Value (in thousands)
Options outstanding at January 1, 2021			1,510,306			$	37.56
Options granted			324,320				57.53
Options exercised			(558,322	)			39.45
Options cancelled			(170,235	)			40.08
Options outstanding at December 31, 2021			1,106,069				42.07
Options granted			334,260				55.73
Options exercised			(285,577	)			40.66
Options cancelled			(175,475	)			46.98
Options outstanding at December 31, 2022			979,277				46.27
Options granted			296,340				78.94
Options exercised			(198,527	)			41.29
Options cancelled			(140,545	)			55.95
Options outstanding at December 31, 2023			936,545			$	56.21				7.26			$	18,640
Options exercisable at December 31, 2023			349,080			$	42.85				5.51			$	11,155

Schedule of Stock Options Valuation Assumptions

The following table summarizes the grant-date fair value of options and the assumptions used to develop the fair value estimates for options granted during the years ended December 31, 2023, 2022 and 2021:

		Year Ended December 31,
		2023				2022				2021
Weighted average grant-date fair value of options		$	30.99			$	20.72			$	20.64
Risk-free interest rate			4.2	%			2.0	%			0.9	%
Expected volatility			37	%			39	%			40	%
Expected life (in years)			5.0				5.0				5.0

Restricted Stock Unit Activity

Restricted stock unit activity during 2021, 2022 and 2023 was as follows:

		Number of Shares				Weighted Average Grant-Date Fair Value
Unvested at January 1, 2021			1,022,996			$	28.41
Granted			352,430				58.32
Cancelled			(82,751	)			39.63
Vested			(366,048	)			30.81
Unvested at December 31, 2021			926,627			$	37.84
Granted			650,396				64.65
Cancelled			(145,205	)			49.03
Vested			(386,616	)			32.64
Unvested at December 31, 2022			1,045,202			$	54.89
Granted			587,239				76.32
Cancelled			(198,740	)			57.21
Vested			(403,223	)			50.48
Unvested at December 31, 2023			1,030,478			$	68.38

Performance Stock Unit Activity

Performance stock unit activity during 2021, 2022 and 2023 was as follows:

		Number of Units				Weighted Average Grant-Date Fair Value
Unvested at January 1, 2021			1,073,062			$	20.15
Granted			149,416				61.52
Performance adjustment			465,993				25.49
Cancelled			—				—
Vested			(184,051	)			42.30
Unvested at December 31, 2021			1,504,420			$	23.20
Granted			105,311				73.96
Performance adjustment			182,543				33.05
Cancelled			—				—
Vested			(518,474	)			43.16
Unvested at December 31, 2022			1,273,800			$	20.69
Granted			177,509				70.98
Performance adjustment			407,825				17.69
Cancelled			(114,908	)			69.07
Vested			(1,408,195	)			10.60
Unvested at December 31, 2023			336,031			$	69.35

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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

X

- Definition

Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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