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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
9 Months Ended
Sep. 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

 

123

 

479.73

Exercised

 

(331)

 

164.42

Forfeited or expired

 

(21)

 

367.98

Outstanding at September 30, 2021

 

1,271

$

290.85

Exercisable at September 30, 2021

 

856

$

241.60

Black-Scholes option pricing model

September 30, 

    

2021

2020

Risk free interest rate

 

0.81

%  

0.90

%  

Expected life

 

6.0

Years

6.1

Years

Expected volatility

 

30.0

%  

26.1

%  

Expected dividend yield

 

%  

%  

Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

For the Nine Months Ended

September 30, 

September 30, 

    

2021

    

2020

    

2021

2020

Compensation expense for stock options awarded

$

4,736

$

4,473

$

15,103

$

13,908

Income tax benefit from compensation expense related to stock options

 

1,169

 

1,123

 

3,727

 

3,492

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 Nine Months Ended

September 30, 

September 30, 

    

2021

    

2020

    

2021

    

2020

Compensation expense for shares issued under the ESPP

$

832

$

717

$

2,264

$

2,060

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

205

180

559

517

Compensation expense for restricted shares awarded

401

392

1,177

1,094

Income tax benefit from compensation expense related to restricted awards

$

99

$

99

$

291

$

275