v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Expense Related to Share-Based Payments
The following table summarizes the expense recognized within general and administrative expenses in the Unaudited Consolidated Statements of Income related to stock-based compensation for the three and six months ended June 30, 2025 and 2024 (in thousands):
 
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Stock options$6,955 $5,123 $12,269 $11,242 
Restricted stock21,913 21,985 34,965 40,845 
Stock-based compensation$28,868 $27,108 $47,234 $52,087 
Summary of Total Unrecognized Compensation Cost Related to Stock-Based Compensation
The following table summarizes the Company’s total unrecognized compensation cost related to outstanding stock awards as of June 30, 2025 (cost in thousands):
Unrecognized
Compensation
Cost
Weighted Average
Period of Expense
Recognition Remaining
(in Years)
Stock options$35,911 1.66
Restricted stock69,363 1.03
Total$105,274 
Summary of Changes in Number of Shares of Common Stock Under Option
The following summarizes the changes in the number of shares of stock options outstanding for the six months ended June 30, 2025 (shares and aggregate intrinsic value in thousands):
SharesWeighted
Average
Exercise
Price		Options
Exercisable
at End of
Period		Weighted
Average
Exercise
Price of
Exercisable
Options		Weighted
Average Fair
Value of
Options
Granted 
During the Period		Aggregate
Intrinsic
Value
Outstanding at December 31, 20242,484 $191.97 1,760 $171.95 $364,092 
Granted179 334.98 $93.52 
Exercised(374)148.60 $80,756 
Forfeited(45)233.65 
Outstanding at June 30, 20252,244 $209.78 1,574 $185.53 $277,718 
Expected to vest as of June 30, 2025669 $266.83 
Summary of Changes in Number of Shares of Restricted Stock and Restricted Stock Units
The following table summarizes the changes in the number of shares of restricted stock awards and restricted stock units outstanding for the six months ended June 30, 2025 (shares in thousands):
 
SharesWeighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2024460 $260.23 
Granted67 323.11 
Issued(234)256.04 
Cancelled(27)266.22 
Outstanding at June 30, 2025266 $304.42