STOCK-BASED AWARDS (Tables)

6 Months Ended

Jun. 30, 2024

Stock option activity during the six months ended June 30, 2024 is summarized as follows:



	Option ‎Shares (thousands)	Weighted ‎average ‎exercise ‎price		Weighted ‎average ‎remaining ‎contractual ‎life (years)	Aggregate ‎intrinsic ‎value ‎(thousands)
Outstanding at December 31, 2023	11,401	$	53.02
Granted	2,331		53.20
Exercised	(441)		39.69
Forfeited	(279)		58.55
Outstanding at June 30, 2024	13,012		53.41	6.7	$	203,489
Exercisable at June 30, 2024	7,533		51.29	5.3		133,357
Expected to vest at June 30, 2024	5,478	$	56.34	8.5	$	70,132

The fair value of the options was estimated on the date of the grant using a Black-Scholes option pricing model with the following assumptions:


	Restricted Stock ‎Units (thousands)	Weighted ‎average ‎grant date fair value ‎per share		Weighted ‎average ‎remaining ‎contractual ‎life (years)
Outstanding at December 31, 2023	820	$	54.98
Granted	10		52.96
Vested	(304)		54.10
Forfeited	(47)		54.10
Outstanding at June 30, 2024	479	$	55.58	2.57


	Performance-Based Restricted Stock ‎Units (thousands)	Weighted ‎average ‎grant date fair value ‎per share		Weighted ‎average ‎remaining ‎contractual ‎life (years)
Outstanding at December 31, 2023	106	$	53.61
Granted	—		—
Vested	(5)		54.10
Forfeited	(13)		54.10
Outstanding at June 30, 2024	88	$	53.46	2.09



	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2024		2023		2024		2023
Stock-based compensation expense	$	12,813	$	8,589	$	30,073	$	17,542
Net stock-based compensation capitalized into inventory		31		50		53		128
Total stock-based compensation cost	$	12,844	$	8,639	$	30,126	$	17,670