Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Stock-Based Compensation [Abstract]

Schedule of Assumptions Used to Estimate Fair Value of Stock Options

	For the six
	months ended
	June 30, 2022
Risk free interest rate	2.53%
Dividend yield	0.9%
Expected volatility	27%
Expected lives	4.3 years

Summary of Stock Option Activity

		Weighted-		Weighted-Average
		Average		Remaining
	Number	Exercise Price		Contractual	Aggregate
	of Shares	Per Share		Life (in years)	Intrinsic Value
Outstanding at December 31, 2021	1,899	$	157.76
Granted	10	$	328.99
Exercised	(118)	$	141.65
Forfeited/canceled	(2)	$	172.19
Outstanding at June 30, 2022	1,789	$	159.75	2.9	$	286,824
Exercisable at June 30, 2022	1,519	$	154.42	2.7	$	251,659
Unvested at June 30, 2022	270	$	189.83	4.0	$	35,165

Summary of Restricted Stock Unit and Performance Based Restricted Stock Unit Activity

	RSUs			PSUs (1)
		Weighted-Average			Weighted-Average
	Number of	Grant Date Fair		Number of	Grant Date Fair
	Shares	Value per Share		Shares	Value per Share
	(in thousands)			(in thousands)
Outstanding at December 31, 2021	243	$	230.20	298	$	304.46
Granted	98	$	330.33	140	$	391.19
Vested	(115)	$	218.91	—	$	—
Forfeited/canceled	(6)	$	277.55	(3)	$	320.41
Outstanding at June 30, 2022	220	$	279.29	435	$	332.30

(1)PSUs represent the target number of shares granted that are issuable at the end of the three year performance period. Fair value for a portion of the PSUs was calculated using a Monte Carlo simulation model.