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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2021
Employee stock option [Member]  
Share-Based Compensation and Benefit Plans  
Summary of stock options

Shares

Weighted- Average

(in thousands)

Exercise Price

Outstanding at December 31, 2020

 

1,500

$

248.52

Granted

 

110

 

467.05

Exercised

 

(206)

 

163.63

Forfeited or expired

 

(9)

 

337.54

Outstanding at June 30, 2021

 

1,395

$

277.79

Exercisable at June 30, 2021

 

959

$

229.94

Black-Scholes option pricing model

June 30, 

    

2021

2020

Risk free interest rate

 

0.83

%  

0.96

%  

Expected life

 

6.2

Years

6.2

Years

Expected volatility

 

30.0

%  

25.8

%  

Expected dividend yield

 

%  

%  

Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2021

    

2020

    

2021

2020

Compensation expense for stock options awarded

$

5,105

$

4,557

$

10,367

$

9,435

Income tax benefit from compensation expense related to stock options

 

1,314

 

1,148

 

2,668

 

2,377

Restricted stock [Member]  
Share-Based Compensation and Benefit Plans  
Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

Compensation expense for shares issued under the ESPP

$

782

$

697

$

1,432

$

1,343

Income tax benefit from compensation expense related to shares issued under the ESPP

201

176

368

338

Compensation expense for restricted shares awarded

396

351

776

702

Income tax benefit from compensation expense related to restricted awards

$

102

$

88

$

200

$

177