v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense and Related Tax Benefit
Total stock-based compensation expense and the related tax benefit were as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2025202420252024
Restricted stock units$16,618 $10,080 $32,956 $21,173 
Unrestricted stock awards220 336 440 672 
Phantom stock units1,867 1,312 2,566 2,761 
Total stock-based compensation$18,705 $11,728 $35,962 $24,606 
Related tax benefit$4,140 $2,551 $8,212 $5,350 
Employee Stock Options Activity
A summary of our stock option activity is as follows:
SharesWeighted
Average Exercise
Price per Share
Weighted Average
Remaining
Contractual Life
Aggregate
Intrinsic Value
Weighted
Average Grant
Date Fair Value
In thousandsYearsIn thousands
Outstanding, January 1, 2024363 $61.36 4.0$5,886 
Granted— — $— 
Exercised(19)44.74 779 
Forfeited— — 
Canceled— — 
Outstanding, June 30, 2024344 $62.27 3.5$12,626 
Outstanding, January 1, 2025274 $64.55 3.2$12,087 
Granted— — $— 
Exercised(83)39.28 6,259 
Forfeited— — 
Canceled— — 
Outstanding, June 30, 2025191 $75.51 3.6$10,745 
Exercisable, June 30, 2025191 $75.51 3.6$10,745 
Restricted Stock Units Award Activity
The following table summarizes restricted stock unit activity:
In thousands, except fair valueNumber of
Restricted Stock Units
Weighted
Average Grant
Date Fair Value
Aggregate
Intrinsic Value
Outstanding, January 1, 2024751 
Granted410 $75.89 
Released (1)
(360)$28,739 
Forfeited(10)
Outstanding, June 30, 2024791 
Outstanding, January 1, 2025831 $67.71 
Granted314 98.14 
Released (1)
(471)66.40 $46,091 
Forfeited(16)80.02 
Outstanding, June 30, 2025658 83.05 
Vested but not released, June 30, 202518 $2,338 

(1) Shares released is presented as gross shares and does not reflect shares withheld by us for employee payroll tax obligations.
Restricted Stock Units, Valuation Assumptions
The weighted average assumptions used to estimate the fair value of performance-based restricted stock units granted with a service and market condition and the resulting weighted average fair value are as follows:
Six Months Ended June 30,
20252024
Expected volatility40.7 %45.7 %
Risk-free interest rate4.2 %4.4 %
Expected term (years)2.92.9
Weighted average fair value$105.89 $83.26