Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 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 Nine Months Ended
  September 30, September 30,
  2024 2023 2024 2023
(in thousands)
Stock-based compensation expense $ 16,484  $ 17,298  $ 53,204  $ 58,141 
Tax effect on stock-based compensation expense (4,203) (4,411) (13,567) (14,826)
Net effect on income (loss)
 $ 12,281  $ 12,887  $ 39,637  $ 43,315 
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 (44,767) $ 40.79 
Forfeited (186) $ 72.52 
Outstanding and exercisable as of September 30, 2024 157,213 $ 46.45  0.9 $ 2,543 
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 (786,988) $ 66.11  (28,323) $ 69.82 
Forfeited (201,157) $ 58.42  (91,712) $ 70.76 
Non-vested as of September 30, 2024 1,783,907  $ 55.92  140,293  $ 77.84