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

 

70

 

1,061.73

Exercised

 

(291)

 

329.59

Forfeited or expired

 

(9)

 

676.68

Outstanding at September 30, 2024

 

654

$

537.18

Exercisable at September 30, 2024

 

443

$

393.93

Black-Scholes option pricing model

September 30, 

    

2024

2023

Risk free interest rate

 

4.18

%  

3.92

%  

Expected life

 

6.4

Years

6.3

Years

Expected volatility

 

28.2

%  

29.0

%  

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, 

    

2024

    

2023

    

2024

2023

Compensation expense for stock options awarded

$

5,838

$

5,977

$

17,175

$

17,892

Income tax benefit from compensation expense related to stock options

 

1,480

 

1,476

 

4,355

 

4,417

Employee stock purchase plan [Member] | 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, 

    

2024

    

2023

    

2024

    

2023

Compensation expense for shares issued under the ESPP

$

1,027

$

923

$

2,963

$

2,663

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

260

228

751

657

Compensation expense for restricted shares awarded

506

477

1,462

1,393

Income tax benefit from compensation expense related to restricted awards

$

128

$

118

$

371

$

344