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Stock Compensation Plans and Share-Based Compensation Awards (Tables)
9 Months Ended
Sep. 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 September 30, 

    

Nine Months Ended September 30, 

2022

2021

2022

2021

(In thousands) 

Share-based compensation expense

$

7,237

$

9,172

$

21,947

$

21,459

Income tax benefit

$

(1,284)

$

(1,350)

$

(3,649)

$

(3,271)

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

(374)

7.23

19.53

3,759

Forfeited

(114)

9.18

25.32

Balance at September 30, 2022

5,003

$

8.15

22.31

6.91

$

55,000

Exercisable at September 30, 2022

3,409

$

7.72

$

20.75

6.55

$

42,798

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

989

23.74

Vested

(567)

22.56

Forfeited

(65)

24.32

Balance at September 30, 2022

1,696

$

24.58

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

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

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