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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Company's stock-based compensation activity
The following table shows the Company’s stock-based compensation activity:
 Fiscal Years Ended December 31,
(in thousands) 
202220212020
Stock-based compensation expense recognized $12,503 $15,036 $11,384 
Tax benefit of stock-based compensation expense in provision for income taxes3,133 3,787 2,859 
Stock-based compensation expense, net of tax$9,370 $11,249 $8,525 
Fair value of shares vested$25,565 $15,701 $21,921 
Schedule of unvested restricted stock unit activity
The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2022:
Shares
(in thousands)
Weighted-
Average
Price
Aggregate
Intrinsic
Value *
(in thousands)
Unvested Restricted Stock Units (RSUs)
Outstanding as of January 1, 2022344 $81.33 $47,721 
Awarded186 119.60 
Vested(219)65.45 
Forfeited(9)99.29 
Outstanding as of December 31, 2022302 $102.10 $26,745 
Outstanding and expected to vest at December 31, 2022351 $97.86 $31,107 

* The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $88.66, as reported by the New York Stock Exchange on December 31, 2022.
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option
The Company awarded shares for service through 2022, 2021, and 2020 as shown below:
December 31,
202220212020
Shares issued9,300 6,900 7,400 
Shares settled with cash (foreign employees)7,400 6,500 5,200 
Total award16,700 13,400 12,600