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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024

1,641,710

$

92.62

Options granted

141,932

141.73

Options exercised

(120,940)

67.25

Options canceled/forfeited

(6,900)

105.93

Outstanding options at June 30, 2024

1,655,802

$

98.62

4.51

$

69,933

Exercisable options at June 30, 2024

983,166

$

85.13

3.39

$

54,623

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

 

2024

 

2023

Weighted-average fair value of grants

$

31.09

$

26.79

Risk-free interest rates

4.91

%

3.44

%

Dividend yield

2.30

%

2.29

%

Expected volatility

23.08

%

22.95

%

Expected option life

5.00

years 

4.94

years

Schedule of Restricted Stock Units Activity

Weighted

Average

Grant Date

 

RSUs

 

Fair Value

Nonvested at January 1, 2024

45,093

$

125.16

Granted

19,531

142.83

Reinvested

179

143.82

Vested

(17,198)

122.96

Forfeited

(606)

132.42

Nonvested at June 30, 2024

46,999

$

133.29