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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Restricted Stock and Units Activity

The following table summarizes the activity related to restricted stock unit (RSU) share based payment awards:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Unvested, January 1, 2022

 

 

226,984

 

 

$

184.93

 

Granted

 

 

124,772

 

 

 

140.37

 

Vested

 

 

(101,909

)

 

 

176.84

 

Forfeited

 

 

(19,624

)

 

 

175.29

 

Unvested, December 31, 2022

 

 

230,223

 

 

$

165.10

 

The weighted average grant-date fair value per unit of RSU awards granted was $140.37, $208.67 and $162.32 during the years ended December 31, 2022, 2021 and 2020, respectively. The grant date fair value of RSUs that vested during the year was $18.0 million for the year ended December 31, 2022, $12.5 million for the year ended December 31, 2021 and $6.5 million for the year ended December 31, 2020. The fair value of RSUs as of their respective vesting dates was $15.3 million for the year ended December 31, 2022, $15.1 million for the year ended December 31, 2021 and $7.7 million for the year ended December 31, 2020.

The following table summarizes the activity related to restricted stock award (RSA) share based payment awards:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Unvested, January 1, 2022

 

 

75,327

 

 

$

185.86

 

Granted

 

 

2,024

 

 

 

148.35

 

Vested

 

 

(43,714

)

 

 

189.88

 

Unvested, December 31, 2022

 

 

33,637

 

 

$

178.37

 

Schedule of Nonvested Performance-Based Units Activity

The following table summarizes the activity related to performance unit awards (PSU) share based payment awards:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Unvested, January 1, 2022

 

 

182,954

 

 

$

189.24

 

Granted

 

 

101,889

 

 

 

186.66

 

Vested

 

 

(11,364

)

 

 

163.23

 

Forfeited

 

 

(45,613

)

 

 

199.77

 

Unvested, December 31, 2022

 

 

227,866

 

 

$

185.57