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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2023
Employee Stock Option [Member]  
Share-Based Compensation and Benefit Plans  
Summary of stock options

Shares

Weighted- Average

(in thousands)

Exercise Price

Outstanding at December 31, 2022

 

1,069

$

356.76

Granted

 

72

 

838.69

Exercised

 

(143)

 

271.57

Forfeited or expired

 

(10)

 

583.04

Outstanding at June 30, 2023

 

988

$

402.25

Exercisable at June 30, 2023

 

716

$

313.93

Black-Scholes option pricing model

June 30, 

    

2023

2022

Risk free interest rate

 

3.87

%  

1.81

%  

Expected life

 

6.4

Years

6.4

Years

Expected volatility

 

29.1

%  

28.7

%  

Expected dividend yield

 

%  

%  

Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

2022

Compensation expense for stock options awarded

$

5,796

$

4,909

$

11,915

$

10,210

Income tax benefit from compensation expense related to stock options

 

1,447

 

1,214

 

2,975

 

2,525

Restricted stock [Member]  
Share-Based Compensation and Benefit Plans  
Summary of activity of share-based compensation and benefit plans

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

    

2022

Compensation expense for shares issued under the ESPP

$

879

$

808

$

1,740

$

1,601

Income tax benefit from compensation expense related to shares issued under the ESPP

219

200

435

396

Compensation expense for restricted shares awarded

461

452

916

891

Income tax benefit from compensation expense related to restricted awards

$

115

$

112

$

229

$

220