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SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]  
COMMON SHARES ISSUED AND OUTSTANDING
The following table presents common shares issued and outstanding:
 
  
Three months ended June 30,
 
Six months ended June 30,
 
 
  
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
Shares issued, balance at beginning of period
176,580

 
176,580

 
176,580

 
176,580

 
 
Shares issued

 

 

 

 
 
Total shares issued at end of period
176,580

 
176,580

 
176,580

 
176,580

 
 
 
 
 
 
 
 
 
 
 
 
Treasury shares, balance at beginning of period
(93,062
)
 
(91,410
)
 
(93,419
)
 
(90,139
)
 
 
Shares repurchased
(26
)
 
(2,004
)
 
(175
)
 
(4,233
)
 
 
Shares reissued
64

 
37

 
570

 
995

 
 
Total treasury shares at end of period
(93,024
)
 
(93,377
)
 
(93,024
)
 
(93,377
)
 
 
 
 
 
 
 
 
 
 
 
 
Total shares outstanding
83,556

 
83,203

 
83,556

 
83,203

 
 
 
 
 
 
 
 
 
 
 
SHARE REPURCHASES
The following table presents share repurchases:
 
  
Three months ended June 30,
 
Six months ended June 30,
 
 
  
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
In the open market:
 
 
 
 
 
 
 
 
 
Total shares

 
1,987

 

 
3,883

 
 
Total cost
$

 
$
129,960

 
$

 
$
257,943

 
 
Average price per share(1)
$

 
$
65.40

 
$

 
$
66.44

 
 
 
 
 
 
 
 
 
 
 
 
From employees:(2)
 
 
 
 
 
 
 
 
 
Total shares
26

 
17

 
175

 
350

 
 
Total cost
$
1,512

 
$
1,110

 
$
8,676

 
$
24,370

 
 
Average price per share(1)
$
57.97

 
$
64.82

 
$
49.56

 
$
69.55

 
 
 
 
 
 
 
 
 
 
 
 
Total shares repurchased:
 
 
 
 
 
 
 
 
 
Total shares
26

 
2,004

 
175

 
4,233

 
 
Total cost
$
1,512

 
$
131,070

 
$
8,676

 
$
282,313

 
 
Average price per share(1)
$
57.97

 
$
65.40

 
$
49.56

 
$
66.69

 
 
 
 
 
 
 
 
 
 
 
(1) Calculated using whole numbers.
(2)
Shares are repurchased from employees to satisfy withholding tax liabilities related to the vesting of restricted stock units.