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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Restricted Stock Award and Unit Activity
The following table summarizes activity for the years ended December 31, 2022, 2023 and 2024:
Number of
Unvested
Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Number of
Unvested
Performance Vesting Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Unvested shares as of December 31, 2021198,413 $66.04 153,138 $48.54 
Granted78,192 96.90 37,666 66.82 
Vested(67,564)65.91 — — 
Forfeited/canceled(11,269)80.11 — — 
Unvested shares as of December 31, 2022197,772 $77.49 190,804 $52.15 
Granted104,901 88.59 83,820 58.39 
Vested(101,804)75.75 — — 
Forfeited/canceled(7,267)91.61 (19,046)49.37 
Unvested shares as of December 31, 2023193,602 $83.89 255,578 $54.40 
Granted(1)
75,476 152.79 188,358 81.90 
Vested(96,942)81.14 (265,797)48.65 
Forfeited/canceled(5,122)114.91 — — 
Unvested shares as of December 31, 2024167,014 $115.67 178,139 $92.06 
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(1)    The table includes the impacts of performance share units granted in a prior year that vested higher than 100% of target due to the Company's TSR performance compared to peers.
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the years ended December 31, 2022, 2023 and 2024:
Grant dateApril 29, 2022January 24, 2023March 3, 2023April 3, 2023March 1, 2024
Forecast period (years)33333
Risk-free interest rates2.87%3.88%4.64%3.79%4.36%
Implied equity volatility88.4%87.2%86.4%70.8%46.7%
Stock price on the date of grant$93.98$72.99$82.20$79.50$142.00