Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 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 Nine Months Ended
  September 30, September 30,
  2023 2022 2023 2022
(in thousands)
Stock-based compensation expense $ 17,298  $ 17,265  $ 58,141  $ 61,831 
Tax effect on stock-based compensation expense (4,411) (4,403) (14,826) (15,767)
Net effect on income (loss)
 $ 12,887  $ 12,862  $ 43,315  $ 46,064 
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 (52,376) $ 19.97 
Forfeited (2,938) $ 55.00 
Outstanding as of September 30, 2023 222,221 $ 44.61  1.7 $ 1,067 
Options exercisable as of September 30, 2023 222,221 $ 44.61  1.7 $ 1,067 
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 1,101,448  $ 61.13  40,010  $ 69.47 
Vested (849,920) $ 72.99  (21,994) $ 104.96 
Forfeited (210,336) $ 62.64  (51,062) $ 65.13 
Non-vested as of September 30, 2023 1,723,168  $ 66.38  226,003  $ 73.14