Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Stock-Based Compensation [Abstract]

Schedule of Assumptions Used to Estimate Fair Value of Stock Options

	For the nine
	months ended
	September 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	(203)	$	142.94
Forfeited/canceled	(3)	$	173.16
Outstanding at September 30, 2022	1,703	$	160.49	2.7	$	211,774
Exercisable at September 30, 2022	1,436	$	155.10	2.5	$	186,080
Unvested at September 30, 2022	267	$	189.63	3.7	$	25,694

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	105	$	329.40	140	$	389.44
Vested	(116)	$	219.41	(2)	$	330.97
Forfeited/canceled	(8)	$	281.00	(6)	$	329.07
Outstanding at September 30, 2022	224	$	280.87	430	$	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.