Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
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
  March 31,
  2023 2022
(in thousands)
Stock-based compensation expense $ 19,453  $ 21,690 
Tax effect on stock-based compensation expense (4,961) (5,531)
Net effect on income $ 14,492  $ 16,159 
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, 2022 277,535 $ 40.07  2.2 $ 6,005 
Exercised (37,454) $ 15.34 
Outstanding as of March 31, 2023 240,081 $ 43.93  2.2 $ 3,542 
Options exercisable as of March 31, 2023 239,849 $ 43.90  2.2 $ 3,542 
Summary of RSU and PSU Activity
The following table summarizes RSU and PSU activity 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
Non-vested as of December 31, 2022
 1,681,976  $ 72.69  259,049  $ 74.83 
Granted 1,089,706  $ 62.51  40,010  $ 69.47 
Vested (502,322) $ 74.09  (21,994) $ 81.25 
Forfeited (65,397) $ 71.96  (49,712) $ 75.18 
Non-vested as of March 31, 2023
 2,203,963  $ 67.35  227,353  $ 73.19