Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.1.u1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 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
  March 31,
  2024 2023
(in thousands)
Stock-based compensation expense $ 18,898  $ 19,453 
Tax effect on stock-based compensation expense (4,819) (4,961)
Net effect on income (loss)
 $ 14,079  $ 14,492 
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 (20,033) $ 40.71 
Forfeited (186) $ 71.21 
Outstanding and exercisable as of March 31, 2024 181,947 $ 45.69  1.3 $ 2,224 
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 1,313,955  $ 51.49  37,270  $ 83.76 
Vested (460,680) $ 65.45  (22,557) $ 69.24 
Forfeited (104,822) $ 58.98  (81,221) $ 70.28 
Non-vested as of March 31, 2024 2,197,706  $ 57.63  156,550  $ 77.40