SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Stock Option Activity

The following is a summary of stock option activity under the 2021 Plan and the 2014 Plan as of and for the year ended December 31, 2022:

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Options outstanding at December 31, 2021		602,488		$	205.30
Granted		104,500			274.38
Exercised		(113,230	)		166.08
Forfeited		(24,467	)		242.32
Expired		(9,666	)		176.80
Options outstanding at December 31, 2022		559,625		$	225.01		2.74	$	20,555
Options exercisable at December 31, 2022		130,213		$	174.30		1.50	$	9,930

Summary of Restricted Stock Activity

The following is a summary of restricted stock activity as of and for the year ended December 31, 2022:

	Shares			Weighted- Average Grant Date Fair Value
Restricted stock outstanding at December 31, 2021		3,459,661		$	83.94
Granted		143,059			290.55
Vested		(1,000,459	)		37.66
Forfeited		(13,000	)		207.83
Restricted stock outstanding at December 31, 2022		2,589,261		$	112.53

Valuation Assumptions Used for Stock Option Awards

The following table presents the weighted-average assumptions used for stock options granted:

Years Ended December 31,	2022			2021			2020
Expected term in years		4.25			4.25			4.25
Risk-free interest rate		3.04	%		0.79	%		0.26	%
Expected volatility		23.10	%		21.85	%		20.89	%
Expected dividend yield		2.84	%		2.97	%		3.69	%
Grant date fair value	$	46.60		$	34.79		$	20.76

Share-Based Compensation Expense

The following table provides information on share-based compensation expense:

Years Ended December 31,	2022		2021		2020
Stock options	$	3,856	$	2,908	$	2,447
Restricted stock		24,965		22,457		19,682
Share-based compensation expense	$	28,821	$	25,365	$	22,129