Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Pre-tax Amounts by Operating Segment for Stock-Based Compensation

We recorded the following pre-tax amounts in selling and administrative expenses for stock-based compensation, by operating segment, in the accompanying consolidated financial statements (in thousands):

	Years Ended December 31,
	2022		2021		2020
North America	$	17,822	$	13,699	$	13,151
EMEA	3,960		3,844		3,953
APAC	928		658		623
Total Consolidated	$	22,710	$	18,201	$	17,727

Summary of Restricted Stock Units Activity

The following table summarizes our RSU activity during 2022:

	Number	Weighted Average Grant Date Fair Value		Fair Value
Nonvested at the beginning of year	690,688	$	67.60
Service-based RSUs granted	215,765	$	98.79
Performance-based RSUs granted	40,724	$	99.06
Performance-based RSUs (rTSR) granted	34,684	$	99.05
Vested, including shares withheld to cover taxes	(300,365)	$	61.57	$	29,805,641	(a)
Forfeited	(37,836)	$	82.41
Nonvested at the end of year	643,660	$	86.53	$	64,539,788	(b)

(a) The aggregate fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date. The aggregate intrinsic value for RSUs which vested during 2021 and 2020 was $34,558,405 and $22,547,714, respectively.

(b) The aggregate fair value of the nonvested RSUs and the RSUs expected to vest represents the total pre-tax fair value, based on our closing stock price of $100.27 as of December 30, 2022, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.