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Stock-Based Compensation and Other Employee Benefits (Tables)

12 Months Ended

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

X

- Definition

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