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Stock-Based Compensation and Other Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Options Activity | The following table summarizes the collective activity under the plan:
| Number of Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding at December 31, 2022 | 4,533 |  |  | 45.799 |  |  |  |  |
Granted | 170 |  |  | 41.871 |  |  |  |  |
Exercised | (246) |  |  | 9.900 |  |  |  |  |
Forfeited | (193) |  |  | 62.365 |  |  |  |  |
Expired | (9) |  |  | 63.311 |  |  |  |  |
Outstanding at December 31, 2023 | 4,255 |  |  | $ | 46.932 |  |  | 6.6 years |  | $ | 27,539 |
Options exercisable at December 31, 2023 | 1,867 |  |  | $ | 25.241 |  |  | 5.3 years |  | $ | 25,775 |
Expected to vest at December 31, 2023 | 2,387 |  |  | $ | 63.900 |  |  | 7.6 years |  | $ | 1,764 |
The following table sets forth additional disclosures about our plan:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Aggregate intrinsic value of options exercised | $ | 8,511 |  |  | $ | 9,775 |  |  | $ | 33,494 |
Cash received from stock option exercises | $ | 2,438 |  |  | $ | 3,954 |  |  | $ | 5,563 |
Weighted-average fair value of stock options granted | $ | 23.99 |  |  | $ | 37.87 |  |  | $ | 28.94 |
Stock-based compensation expense (1) | $ | 10,318 |  |  | $ | 15,046 |  |  | $ | 8,716 |
Income tax benefit from stock-based compensation expense | $ | 1,102 |  |  | $ | 659 |  |  | $ | 4,932 |
(1) Included in selling, general, and administrative expenses in the accompanying consolidated statements of income and includes expense in connection with our ESPP and RSUs.
Schedule of Stock Options Valuation Assumptions | The following table sets forth the significant assumptions used in the model:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Expected dividend yield | —% |  | —% |  | —%
Risk-free interest rate | 3.35% -4.44% |  | 1.69%-3.82% |  | 0.92%-1.46%
Expected volatility | 54%-56% |  | 51%-53% |  | 48%-50%
Expected life | 6.5 years |  | 6.5 years |  | 6.5 years
Schedule of Restricted Stock Units | The following table summarizes the activity under the plan:
| Number of Options |  | Weighted-Average Grant Date Fair Value Per Share |
Outstanding at December 31, 2022 | 13 |  |  | $ | 52.94 |  |
Granted | 66 |  |  | 45.33 |  |
Vested | (23) |  |  | 47.83 |  |
Forfeited | (4) |  |  | 48.39 |  |
Outstanding at December 31, 2023 | 52 |  |  | $ | 45.90 |  |
Schedule of Defined Contribution Plan Disclosures | The following table sets forth our matching contributions under the plans:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
401(k) plan | $ | 7,561 |  |  | $ | 6,974 |  |  | $ | 6,189 |
Group Personal Pension Plan | 652 |  |  | 290 |  |  | 252 |
Registered Retirement Savings Plan | 429 |  |  | 406 |  |  | 405 |
Total matching contributions | $ | 8,642 |  |  | $ | 7,670 |  |  | $ | 6,846 |

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