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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2022
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, 2021

 

1,206

$

300.09

Granted

 

90

 

676.96

Exercised

 

(50)

 

311.38

Forfeited or expired

 

(1)

 

413.27

Outstanding at March 31, 2022

 

1,245

$

326.81

Exercisable at March 31, 2022

 

891

$

262.06

Black-Scholes option pricing model

March 31, 

    

2022

2021

Risk free interest rate

 

1.61

%  

0.85

%  

Expected life

 

6.5

Years

6.4

Years

Expected volatility

 

28.5

%  

29.9

%  

Expected dividend yield

 

%  

%  

Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

March 31, 

    

2022

    

2021

Compensation expense for stock options awarded

$

5,301

$

5,262

Income tax benefit from compensation expense related to stock options

 

1,346

 

1,296

Weighted-average grant-date fair value of options awarded

$

217.68

$

144.30

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

For the Three Months Ended

March 31, 

    

2022

    

2021

Compensation expense for shares issued under the ESPP

$

793

$

650

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

201

160

Compensation expense for restricted shares awarded

439

380

Income tax benefit from compensation expense related to restricted awards

$

112

$

94