Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 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
  March 31,
  2022 2021
(in thousands)
Stock-based compensation expense $ 21,690  $ 14,013 
Tax effect on stock-based compensation expense (5,531) (3,573)
Net effect on income $ 16,159  $ 10,440 
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 (38,681) 17.02   
Forfeited (260) 74.83   
Outstanding as of March 31, 2022
 326,300  41.14  3.4 10,869 
Options exercisable 321,779  $ 40.66  3.3 $ 10,869 
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 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 1,266,891  74.76  75,025  82.96 
Vested (458,869) 69.91  (55,450) 67.46 
Forfeited (51,484) 72.04  (1,359) 75.67 
Outstanding as of March 31, 2022
 2,263,962  73.63  377,400  76.39