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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

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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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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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.

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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.

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