Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 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 Nine Months Ended
  September 30, September 30,
  2022 2021 2022 2021
(in thousands)
Stock-based compensation expense $ 17,265  $ 18,512  $ 61,831  $ 49,934 
Tax effect on stock-based compensation expense (4,403) (4,720) (15,767) (12,733)
Net effect on income $ 12,862  $ 13,792  $ 46,064  $ 37,201 
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 (78,802) 32.49   
Forfeited (4,904) 72.96   
Outstanding as of September 30, 2022
 281,535  39.73  2.4 2,496 
Options exercisable 281,303  $ 39.69  2.4 $ 2,496 
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-based 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 1,385,937  73.31  113,269  68.51 
Vested (759,930) 70.79  (148,904) 66.33 
Forfeited (262,510) 73.05  (57,987) 77.53 
Outstanding as of September 30, 2022
 1,870,921  72.91  265,562  74.70