EQUITY COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Equity-based Compensation Expense, Net of Assumed Forfeitures

Equity-based compensation expense, net of forfeitures, recorded by the Company is included in the following table:

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Restricted units	$	36,390	$	30,036	$	127,219	$	86,804
Restricted units with a market condition	29,601		300		63,925		4,729
Options	—		—		—		43
Equity-based compensation expense	$	65,991	$	30,336	$	191,144	$	91,576

Summary of Unvested Restricted Units' Activity

The following table presents unvested restricted units' activity:

	Restricted Units	Weighted Average Grant Date Fair Value Per Unit
Balance - January 1, 2021	16,299,664	$	24.30
Granted	9,667,989	46.16
Vested	(6,278,948)	20.70
Forfeited	(1,255,502)	30.48
Balance - September 30, 2021	18,433,203	$	36.33

The following table presents the market condition awards' activity:

	Market Condition Awards Units	Weighted Average Grant Date Fair Value Per Unit
Balance - January 1, 2021	—	$	—
Granted	2,150,000	32.86
Vested	(1,925,000)	33.21
Forfeited	(225,000)	29.84
Balance - September 30, 2021	—	$	—

Schedule of Weighted Average Assumptions used for Fair Value

Below is a summary of the significant assumptions used to estimate the grant date fair value of market condition awards:

Closing price of the Company's common shares as of valuation date	$45.76
Risk-free interest rate	0.88%
Volatility	35.0%
Dividend yield	3.5%
Cost of equity	10.0%

Summary of Unvested Options Activity

A summary of options activity during the nine months ended September 30, 2021 is presented below:

	Options	Weighted Average Exercise Price		Weighted Average Remaining Life (in years)	Aggregate Intrinsic Value
Balance - January 1, 2021	8,312,203	$	18.99	3.4	$	233,251
Granted	—	—		—	—
Exercised	(1,489,789)	18.94		—	—
Expired	—	—		—	—
Forfeited	—	—		—	—
Balance - September 30, 2021	6,822,414	$	19.00	2.6	$	374,073
Exercisable at September 30, 2021	6,822,414	$	19.00	2.6	$	374,073