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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Additional Information Related to Share-based Compensation
The following table provides details of the significant inputs used in the Monte Carlo simulation model:
Three months ended March 31,20252024
Expected volatility 25.30%26.00%
Expected term (in years)3.03.0
Expected dividend yieldn/an/a
Risk-free interest rate4.16%4.06%
n/a - not applicable
The following table provides additional information related to share-based compensation:
Three months ended March 31,20252024
Share-based compensation expense
$11,829 $13,671 
Tax benefits associated with share-based compensation expense
$5,351 $2,763 
Fair value of restricted stock units vested(1)
$68,889 $41,156 
Unrecognized share-based compensation expense$107,782 $92,556 
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense2.9 years2.9 years
(1) Fair value is based on the closing price of the Company's common shares on the vest date.
Summary of Share-Settled Restricted Stock Units
The following table provides an activity summary of the Company's share-settled restricted stock units for the three months ended March 31, 2025:
Share-Settled Performance
Restricted Stock Units
Share-Settled Service
Restricted Stock Units
Number of
restricted
stock units
Weighted 
average
grant date
fair value
Number of
restricted
stock units
Weighted  average
grant date
fair value
Non-vested restricted stock units - beginning of period247 $65.73 1,642 $57.73 
     Granted89 98.22 577 90.42 
Performance adjustment (1)
55 68.63 — — 
     Vested(115)68.63 (599)56.73 
     Forfeited— — (25)61.10 
Non-vested restricted stock units - end of period276 $75.61 1,595 $69.90 
(1) The performance adjustment represents the difference between the number of performance restricted stock units granted and earned, that vested following the three-year performance period that ended in 2024. The performance restricted stock units were granted at the target level of achievement.