Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 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 Six Months Ended
  June 30, June 30,
  2023 2022 2023 2022
(in thousands)
Stock-based compensation expense $ 21,390  $ 22,876  $ 40,843  $ 44,566 
Tax effect on stock-based compensation expense (5,454) (5,833) (10,415) (11,364)
Net effect on income $ 15,936  $ 17,043  $ 30,428  $ 33,202 
Schedule of Option Activity under the Company's Plans
The following table summarizes option activity under the Company’s plans:

    Weighted- Weighted-Average  
    Average Remaining Aggregate
  Options Exercise Price Contractual Life Intrinsic Value
(in years) (in thousands)
Outstanding as of December 31, 2022 277,535 $ 40.07  2.2 $ 6,005 
Exercised (39,954) $ 17.00 
Forfeited (25) $ 74.83 
Outstanding as of June 30, 2023 237,556 $ 43.95  1.9 $ 3,661 
Options exercisable as of June 30, 2023 237,349 $ 43.93  1.8 $ 3,661 
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 1,094,308  $ 61.12  40,010  $ 69.47 
Vested (665,092) $ 73.75  (21,994) $ 76.28 
Forfeited (132,017) $ 77.29  (50,240) $ 77.59 
Non-vested as of June 30, 2023 1,979,175  $ 65.63  226,825  $ 73.14