XML 45 R34.htm IDEA: XBRL DOCUMENT v3.25.2
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 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:
Six months ended June 30,20252024
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:
Six months ended June 30,20252024
Share-based compensation expense
$23,095 $23,273 
Tax benefits associated with share-based compensation expense
$7,883 $4,448 
Fair value of restricted stock units vested(1)
$72,104 $43,706 
Unrecognized share-based compensation expense$93,339 $82,312 
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense2.7 years2.6 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 six months ended June 30, 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 98.22 590 90.62 
Performance adjustment (1)
55 68.63 — — 
     Vested(115)68.63 (631)56.79 
     Forfeited(2)98.22 (89)65.28 
Non-vested restricted stock units - end of period274 $75.48 1,512 $70.53 
(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.