Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense under the Company’s plans was as follows:
  Three Months Ended Six Months Ended
  June 30, June 30,
  2022 2021 2022 2021
(in thousands)
Stock-based compensation expense $ 22,876  $ 17,409  $ 44,566  $ 31,422 
Tax effect on stock-based compensation expense (5,833) (4,439) (11,364) (8,013)
Net effect on income $ 17,043  $ 12,970  $ 33,202  $ 23,409 
Schedule of Option Activity under the Company's Plans The following table summarizes option activity under the Company’s plans:
      Weighted-Average  
    Weighted- Remaining  
    Average Contractual Life Aggregate
  Options Exercise Price (Years) Intrinsic Value
(in thousands)
Outstanding as of December 31, 2021 365,241  $ 38.61  3.3 $ 14,878 
Exercised (41,184) 18.04   
Forfeited (4,472) 74.83   
Outstanding as of June 30, 2022
 319,585  40.75  2.4 3,888 
Options exercisable 319,276  $ 40.72  2.4 $ 3,888 
Schedule of the Activity for Unvested Restricted Stock Units and Awards Granted under the Company's Plans
The following is a summary of the activity for unvested restricted stock units and performance stock units granted under the Company’s plans:
RSUs PSUs
  Number of
Shares		 Weighted-
Average Grant
Date Fair Value
per Share		 Number of
Shares		 Weighted-
Average Grant
Date Fair Value
per Share
Outstanding as of December 31, 2021
 1,507,424  $ 71.50  359,184  $ 73.64 
Granted 1,301,073  74.49  113,269  69.67 
Vested (618,310) 70.52  (128,337) 65.81 
Forfeited (176,727) 73.01  (57,987) 77.53 
Outstanding as of June 30, 2022
 2,013,460  73.60  286,129  74.79