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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary Of Employee Stock-Based Compensation Expense | Stock-based compensation expense - all related to employees and members of the Board of Directors - recognized under the authoritative guidance was as follows:
| Years Ended December 31,
Dollars in thousands | 2024 |  | 2023 |  | 2022
Cost of goods sold | $ | 649 |  |  | $ | 588 |  |  | $ | 549 |
Research and development | 2,697 |  |  | 2,071 |  |  | 1,739 |
Selling, general and administrative | 21,031 |  |  | 17,483 |  |  | 25,437 |
Total stock-based compensation expense | $ | 24,377 |  |  | $ | 20,142 |  |  | $ | 27,725 |
Total estimated tax benefit related to stock-based compensation expense | 4,677 |  |  | 5,223 |  |  | 10,574 |
Net effect on net income | $ | 19,700 |  |  | $ | 14,919 |  |  | $ | 17,151 |
Summary Of Weighted-Average Assumptions | The following weighted-average assumptions were used in the calculation of fair value:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Dividend yield | 0% |  | 0% |  | 0%
Expected volatility | 33% |  | 30% |  | 30%
Risk free interest rate | 4.09% |  | 3.86% |  | 2.01%
Expected life of option from grant date | 7 years |  | 7 years |  | 7 years
Weighted average grant date fair value of options granted | $15.68 |  | $21.58 |  | $23.15
Summary Of Stock Option Activity | The following table summarizes the Company’s stock option activity:
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Contractual Term in Years |  | Aggregate Intrinsic Value
Stock Options | (In thousands) |  |  |  |  |  | (In thousands)
Outstanding at January 1, 2024 | 1,178 |  |  | $ | 50.64 |  |  | 3.65 |  | $ | 1,766 |
Granted | 244 |  |  | 36.22 |  |  | — |  |  | — |
Exercised | (162) |  |  | 33.46 |  |  | — |  |  | — |
Forfeited or Expired | (56) |  |  | 50.21 |  |  | — |  |  | — |
Outstanding at December 31, 2024 | 1,204 |  |  | $ | 50.06 |  |  | 4.01 |  | $ | — |
Exercisable at December 31, 2024 | 798 |  |  | $ | 52.51 |  |  | 2.71 |  | $ | — |
Summary Of Restricted Stock, Performance Stock, and Contract Stock Activity | The following table summarizes the Company’s awards of restricted stock, performance stock and contract stock for the year ended December 31, 2024:
| Restricted Stock Awards |  | Performance Stock and Contract Stock Awards
| Shares |  | Weighted Average Grant Date Fair Value Per Share |  | Shares |  | Weighted Average Grant Date Fair Value Per Share
| (In thousands) |  |  |  | (In thousands) |  |
Unvested, January 1, 2024 | 584 |  |  | $ | 55.37 |  |  | 335 |  |  | $ | 57.53 |
Granted | 650 |  |  | 33.28 |  |  | 387 |  |  | 36.05 |
Adjustments for performance achievement related to award target | — |  |  | — |  |  | (160) |  |  | 49.71 |
Cancellations | (115) |  |  | 46.31 |  |  | (35) |  |  | 49.23 |
Released | (248) |  |  | 58.04 |  |  | (107) |  |  | 33.37 |
Unvested, December 31, 2024 | 871 |  |  | $ | 39.33 |  |  | 420 |  |  | $ | 41.83 |

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- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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
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- 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
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