XML 62 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1
STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of the Assumption Used in Determining the Fair Value of Stock Options
A summary of the weighted average assumptions used in determining the fair value of stock options follows:
Year Ended December 31,
202420232022
Expected volatility30.19 %37.09 %37.31 %
Expected option life in years6.256.256.25
Expected dividend yield0.14 %0.06 %0.08 %
Risk-free interest rate4.08 %4.23 %2.31 %
Weighted-average fair value of stock options$27.29 $7.26 $5.04 
Schedule of Stock Option Activity
A summary of the 2024 stock option activity follows:
OptionsWeighted-average exercise price per optionWeighted-average remaining contractual life in years
Aggregate intrinsic value (1)
Outstanding at January 1, 2024
11,155,357 $14.30 
Granted1,358,545 71.84 
Exercised(2,513,784)13.18 
Forfeited and canceled(300,688)28.80 
Outstanding at December 31, 2024
9,699,430 $22.20 7.12$886.6 
Exercisable at December 31, 2024
3,909,558 $14.10 6.30$389.0 
(1)The aggregate intrinsic value in the table above represents the difference between the Company’s stock price on the last trading day of 2024 and the exercise price of each in-the-money option on the last day of the period presented.
Schedule of Summary of RSU Activity A summary of the 2024 RSU activity follows:
Restricted stock unitsWeighted-average fair value per unit
Outstanding at January 1, 2024
2,726,895 $16.90 
Granted289,966 77.22 
Vested(643,332)14.45 
Forfeited and canceled(166,888)20.18 
Outstanding at December 31, 2024
2,206,641 $25.24