Share-based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

The following table summarizes the Company’s stock option activity (in thousands, except per share data and years) for the three months ended September 30, 2020:

	Stock Options Outstanding
				Weighted Average		Aggregate		Weighted Average
				Exercise Price		Intrinsic		Remaining Contractual
	Shares			Per Share		Value		Term (Years)
Balance as of July 1, 2020		1,481		$	140.88
Granted		67		$	144.34
Exercised		(13	)	$	130.59	$	168
Forfeited/Expired		(48	)	$	143.05
Balance as of September 30, 2020		1,487		$	141.06
Exercisable as of September 30, 2020		886		$	138.59	$	17,825		4.6
Expected to vest as of September 30, 2020		601		$	144.70	$	4,637		8.7
Total		1,487		$	141.06	$	22,462		6.3

Schedule of Range of Exercise Prices per Share

Stock options outstanding as of September 30, 2020 are comprised of the following range of exercise prices per share (in thousands, except per share data and years):

	Stock Options Outstanding at September 30, 2020
			Weighted Average		Weighted Average
			Exercise Price		Remaining Contractual
Range of Exercise Prices per Share	Shares		Per Share		Term (Years)
$119.02 - $140.00		887	$	125.28		5.4
$140.01 - $160.00		355	$	151.37		9.3
$160.01 - $180.00		95	$	169.07		4.0
$180.01 - $201.25		150	$	192.25		5.9
Total		1,487	$	141.06		6.3

Assumptions Used in Black-Scholes Pricing Model

The weighted average grant date fair value of stock option awards using the Black-Scholes pricing model was $48.20 for each share subject to a stock option granted during the three months ended September 30, 2020 based on the following assumptions:

	Three months ended
	September 30,
	2020
Expected term of options in years	6.3
Expected volatility	33.6% - 33.7%
Risk-free interest rate	0.3% - 0.4%
Expected dividend yield		0.0	%