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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
9 Months Ended
Sep. 30, 2023
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, 2022

 

1,069

$

356.76

Granted

 

87

 

856.08

Exercised

 

(207)

 

272.39

Forfeited or expired

 

(12)

 

573.96

Outstanding at September 30, 2023

 

937

$

419.41

Exercisable at September 30, 2023

 

669

$

323.28

Black-Scholes option pricing model

September 30, 

    

2023

2022

Risk free interest rate

 

3.92

%  

2.00

%  

Expected life

 

6.3

Years

6.3

Years

Expected volatility

 

29.0

%  

28.8

%  

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, 

    

2023

    

2022

    

2023

2022

Compensation expense for stock options awarded

$

5,977

$

4,924

$

17,892

$

15,134

Income tax benefit from compensation expense related to stock options

 

1,476

 

1,222

 

4,417

 

3,756

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, 

    

2023

    

2022

    

2023

    

2022

Compensation expense for shares issued under the ESPP

$

923

$

828

$

2,663

$

2,429

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

228

205

657

603

Compensation expense for restricted shares awarded

477

459

1,393

1,350

Income tax benefit from compensation expense related to restricted awards

$

118

$

114

$

344

$

335