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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of weighted average assumptions used for options granted The following weighted average assumptions were used for options granted in prior fiscal periods:
 Years Ended December 31,
 202320222021
Expected life (in years)0.05.05.0
Expected volatility— %28.3 %26.1 %
Risk-free interest rate— %3.3 %1.0 %
Summary of stock option activity
Options granted, exercised, forfeited and expired are summarized as follows:
 Number of
Shares
Weighted
Average Exercise
Price
Weighted
Average
Remaining
Contractual Life
(Years)
Aggregate
Intrinsic Value
Outstanding at December 31, 20221,511 221.38   
Granted— —   
Exercised(265)168.60   
Forfeited(21)403.78   
Outstanding at December 31, 20231,225 $229.63 4$234,787 
Exercisable at December 31, 20231,127 $216.52 4$229,829 
Other information pertaining to option activity was as follows during the twelve months ended December 31:
 202320222021
Weighted average grant-date fair value of stock options granted$— $108.99 $113.18 
Total intrinsic value of stock options exercised$58,261 $43,160 $215,062 
Summarizes restricted stock unit and performance share activity
The following table summarizes restricted stock unit and performance stock unit activity during the periods presented (shares in thousands):
 Number of SharesWeighted Average Grant Date Fair Value per Share
Unvested at December 31, 2022
568 $376.07 
Granted355 374.09 
Vested(249)349.35 
Forfeited(28)384.17 
Unvested at December 31, 2023
646 $384.43 
Summary of share-based compensation expense related to share-based awards
The following table summarizes share-based compensation expense related to share-based awards which is recorded in the consolidated statements of income:
 Years Ended December 31,
 202320222021
Subscriptions, maintenance and professional services$26,607 $27,486 $23,705 
Sales and marketing expense10,118 8,800 8,834 
General and administrative expense71,613 66,699 72,187 
Total share-based compensation expense108,338 102,985 104,726 
Total tax benefit(32,997)(27,599)(63,456)
Net decrease in net income$75,341 $75,386 $41,270