XML 43 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Summary of Activity Related to Stock Option Plans
A summary of the activities related to the Company’s stock option plans is as follows:
 
 Shares Available
for Grant
Options Outstanding
 Number of
Shares
Weighted- Average Exercise Price
(per Share)
Balances as of December 31, 20196,111,561 20,859,326 $124.28 
New Shares Authorized17,500,000 — — 
Granted(1,909,476)1,909,476 432.34 
Exercised(4,088,612)58.35 
Expired— (3,380)27.54 
Balances as of December 31, 202021,702,085 18,676,810 $170.23 
Granted(1,556,725)1,556,725 554.11 
Exercised(2,632,324)65.97 
Expired— (5,360)34.63 
Balances as of December 31, 202120,145,360 17,595,851 $219.83 
Granted(3,691,257)3,691,257 267.94 
Exercised— (1,383,669)27.19 
Expired— (6,578)11.10 
Balances as of December 31, 202216,454,103 19,896,861 $242.22 
Vested and exercisable at December 31, 2022
19,896,861 $242.22 
Summary of Assumptions Used to Value Stock Option Grants Using Lattice-Binomial Model The following table summarizes the assumptions used to value option grants using the lattice-binomial model and the valuation data:
 
 Year Ended December 31,
 202220212020
Dividend yield— %— %— %
Expected volatility
38% - 52%
34% - 41%
37% - 45%
Risk-free interest rate
1.71% - 3.79%
1.08% - 1.62%
0.67% - 1.71%
Suboptimal exercise factor
4.71 - 4.82
3.81 - 3.98
3.34 - 3.67
Valuation data:
Weighted-average fair value (per share)$155.88 $259.01 $217.42 
Total stock-based compensation expense (in thousands)575,452 403,220 415,180 
Total income tax impact on provision (in thousands)127,289 89,642 91,718