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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation Expense and Related Tax Benefit
Total stock-based compensation expense and the related tax benefit were as follows:
Year Ended December 31,
In thousands202420232022
Stock options$— $103 $891 
Restricted stock units42,531 27,189 20,038 
Unrestricted stock awards1,343 1,065 952 
Phantom stock units5,923 5,025 1,315 
Total stock-based compensation$49,797 $33,382 $23,196 
Related tax benefit$10,802 $6,928 $5,371 
Employee Stock Options Activity
A summary of our stock option activity is as follows:
SharesWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual LifeAggregate Intrinsic ValueWeighted Average Grant Date Fair Value
In thousandsYearsIn thousands
Outstanding, January 1, 2022393 $61.18 5.9$4,737 
Granted— — $— 
Exercised(1)45.90 
Forfeited(2)87.27 
Canceled
(9)80.00 
Outstanding, December 31, 2022381 $60.63 4.8$1,892 
Granted— — $— 
Exercised(18)45.96 397 
Forfeited— — 
Canceled
— — 
Outstanding, December 31, 2023363 $61.36 4.0$5,886 
Granted— — $— 
Exercised(89)51.45 4,450 
Forfeited
— — 
Canceled
— — 
Outstanding and Exercisable, December 31, 2024
274 $64.55 3.2$12,087 
Restricted Stock Units Award Activity
The following table summarizes restricted stock unit activity:
Number of Restricted Stock UnitsWeighted Average Grant Date Fair ValueAggregate Intrinsic Value
In thousandsIn thousands
Outstanding, January 1, 2022430 $85.77 
Granted391 53.33 
Released (1)
(227)$18,169 
Forfeited(66)
Outstanding, December 31, 2022528 $66.39 
Granted497 56.89 
Released (1)
(242)$13,974 
Forfeited(32)
Outstanding, December 31, 2023751 $58.89 
Granted552 76.34 
Released (1)
(446)62.02 $38,260 
Forfeited(26)67.52 
Outstanding, December 31, 2024831 $67.71 
Vested but not released, December 31, 202418 $108.58 $1,914 
Restricted Stock Units, Valuation Assumptions
The weighted average assumptions used to estimate the fair value of performance-based restricted stock units granted with a service and market condition and the resulting weighted average fair value are as follows:
Year Ended December 31,
202420232022
Expected volatility40.3 %46.0 %55.7 %
Risk-free interest rate4.3 %4.6 %1.7 %
Expected term (years)2.01.92.9
Weighted average fair value$115.69 $73.41 $57.88 
Schedule of Other Share-based Compensation, Activity
The following table summarizes phantom stock unit activity:
Number of Phantom Stock UnitsWeighted
Average Grant
Date Fair Value
Aggregate Intrinsic Value
In thousandsIn thousands
Outstanding, January 1, 202269 $85.47 
Granted59 53.07 
Released(34)$1,780 
Forfeited(9)
Outstanding, December 31, 202285 $66.46 
Granted77 56.52 
Released(43)$2,511 
Forfeited(4)
Outstanding, December 31, 2023115 $58.58 
Granted57 77.38 
Released(63)60.99 $5,420 
Forfeited(18)58.74 
Outstanding, December 31, 202491 $68.63