Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2024
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,
  2024 2023 2024 2023
(in thousands)
Stock-based compensation expense $ 17,822  $ 21,390  $ 36,720  $ 40,843 
Tax effect on stock-based compensation expense (4,545) (5,454) (9,364) (10,415)
Net effect on income (loss)
 $ 13,277  $ 15,936  $ 27,356  $ 30,428 
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, 2023 202,166 $ 45.22 
Exercised (36,368) $ 40.39 
Forfeited (186) $ 72.52 
Outstanding and exercisable as of June 30, 2024 165,612 $ 46.25  1.1 $ 2,706 
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, 2023 1,449,253  $ 65.78  223,058  $ 72.92 
Granted 1,322,799  $ 51.56  37,270  $ 83.76 
Vested (616,133) $ 66.15  (28,323) $ 69.82 
Forfeited (155,652) $ 59.00  (91,712) $ 70.76 
Non-vested as of June 30, 2024 2,000,267  $ 56.79  140,293  $ 77.84