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Stock Compensation Plans and Share-Based Compensation Awards (Tables)
6 Months Ended
Jun. 30, 2022
Stock Compensation Plans and Share-Based Compensation Awards  
Summary of share based compensation expense and related income tax benefit recognized for share-based compensation awards

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

2022

2021

2022

2021

(In thousands) 

Share-based compensation expense

$

7,707

$

6,489

$

14,710

$

12,287

Income tax benefit

$

(1,237)

$

(963)

$

(2,365)

$

(1,921)

Summary of stock option activity

A summary of service-based stock option activity is as follows (in thousands, except per share and term data):

    

Number of Options

Weighted-average grant date fair value

Weighted-average exercise price

Weighted-average remaining contractual term

Total intrinsic value

Balance at December 31, 2021

5,491

$

8.11

$

22.19

7.67

$

19,802

Granted

Exercised

(76)

5.77

15.07

635

Forfeited

(87)

9.17

25.22

Balance at June 30, 2022

5,328

$

8.12

22.23

7.16

$

14,536

Exercisable at June 30, 2022

3,695

$

7.70

$

20.72

6.82

$

14,502

Service-Based Restricted Stock Units  
Stock Compensation Plans and Share-Based Compensation Awards  
Summary of stock activity

    

Number of RSUs

Weighted-average grant date fair value

Balance at December 31, 2021

1,339

$

24.35

Granted

956

23.60

Vested

(547)

22.37

Forfeited

(38)

24.24

Balance at June 30, 2022

1,710

$

24.55

Market and Service-Based Stock Options  
Stock Compensation Plans and Share-Based Compensation Awards  
Summary of assumptions used in estimating the grant date fair values

Six Months Ended June 30, 

2021

Expected life (in years)

7.00

Weighted-average risk-free interest rate

1.15%

Expected volatility

34.65%

Dividend yield

0.00%

Exercise price

$

25.46

Market and service-based performance stock units  
Stock Compensation Plans and Share-Based Compensation Awards  
Summary of assumptions used in estimating the grant date fair values

Six Months Ended June 30, 

2022

Expected life (in years)

3.10

Weighted-average risk-free interest rate

1.74%

Expected volatility

47.62%

Dividend yield

0.00%

Estimated grant date fair value (per share)

$

23.69