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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Option Activity

Weighted

Aggregate

Weighted

Average

Intrinsic

Average

Remaining

Value

 

Options

 

Exercise Price

 

Contractual Life

 

(in 000’s)

Outstanding options at January 1, 2023

1,695,660

$

82.42

Options granted

172,250

135.51

Options exercised

(219,905)

57.15

Options canceled/forfeited

(8,585)

96.99

Outstanding options at September 30, 2023

1,639,420

$

91.31

4.83

$

73,168

Exercisable options at September 30, 2023

849,997

$

76.60

3.64

$

50,400

Summary of Weighted Average Grant-date Assumptions and Weighted Average Fair Values

 

2023

 

2022

Weighted-average fair value of grants

$

26.71

$

20.99

Risk-free interest rates

3.41

%

2.86

%

Dividend yield

2.29

%

2.50

%

Expected volatility

22.96

%

22.89

%

Expected option life

4.94

years 

5.06

years

Schedule of Restricted Stock Units Activity

Weighted

Average

Grant Date

 

RSUs

 

Fair Value

Nonvested at January 1, 2023

44,208

$

109.51

Granted

20,413

136.19

Reinvested

288

132.60

Vested

(19,957)

103.61

Forfeited

(1,795)

116.10

Nonvested at September 30, 2023

43,157

$

124.74