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STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Components of Stock-Based Compensation Expenses
The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed consolidated statements of income for the periods indicated:
Three Months Ended
March 31,
20232022
Cost of revenues (exclusive of depreciation and amortization)$16,011 $(424)
Selling, general and administrative expenses22,568 7,536 
Total$38,579 $7,112 
Schedule of Stock Options Activity
Stock option activity under the Company’s plans is set forth below:
 Number of
Options 
Weighted Average
Exercise Price 
Aggregate
Intrinsic Value 
Weighted Average
Remaining Contractual Term (in years)
Options outstanding at January 1, 2023
1,923 $98.92 
Options granted108 $299.00 
Options exercised(72)$35.54 
Options outstanding at March 31, 2023
1,959 $112.21 $376,403 3.6
Options vested and exercisable as of March 31, 2023
1,665 $79.73 $369,504 2.7
Options expected to vest as of March 31, 2023
272 $295.97 $6,519 9.0
Schedule of Service-Based Awards Activity The table below summarizes activity related to the Company’s equity-classified and liability-classified service-based awards for the three months ended March 31, 2023:
Equity-Classified
Equity-Settled
Restricted Stock Units
Liability-Classified
Cash-Settled
Restricted Stock Units
 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Unvested service-based awards outstanding at January 1, 2023
916 $291.19 99 $257.74 
Awards granted458 $299.19 36 $299.00 
Awards modified(15)$278.52 15 $305.59 
Awards vested(223)$251.17 (42)$235.38 
Awards forfeited/cancelled(18)$289.75 (3)$229.31 
Unvested service-based awards outstanding at March 31, 2023
1,118 $302.65 105 $288.01 
Schedule of Performance-Based Awards Activity The table below summarizes activity related to the Company’s equity-classified performance-based awards for the three months ended March 31, 2023:
Equity-Classified
Equity-Settled
Restricted Stock
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Unvested performance-based awards outstanding at January 1, 2023
9 $165.87 15 $412.60 
Awards vested— — (1)$437.25 
Awards forfeited/cancelled— — (1)$363.93 
Unvested performance-based awards outstanding at March 31, 2023
9 $165.87 13 $414.75