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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2024
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, 2023

 

884

$

428.50

Granted

 

54

 

1,069.20

Exercised

 

(165)

 

316.84

Forfeited or expired

 

(2)

 

641.53

Outstanding at March 31, 2024

 

771

$

496.55

Exercisable at March 31, 2024

 

545

$

369.68

Black-Scholes option pricing model

March 31, 

    

2024

2023

Risk free interest rate

 

4.14

%  

3.91

%  

Expected life

 

6.6

Years

6.5

Years

Expected volatility

 

28.3

%  

29.1

%  

Expected dividend yield

 

%  

%  

Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

March 31, 

    

2024

    

2023

Compensation expense for stock options awarded

$

5,595

$

6,119

Income tax benefit from compensation expense related to stock options

 

1,438

 

1,534

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, 

    

2024

    

2023

Compensation expense for shares issued under the ESPP

$

953

$

861

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

245

216

Compensation expense for restricted shares awarded

474

455

Income tax benefit from compensation expense related to restricted awards

$

122

$

114