SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

SCHEDULE OF MONTE CARLO SIMULATION MODEL

The following table provides details of the significant inputs used in the Monte Carlo simulation model:

Six months ended June 30,	2021
Expected volatility	32.99%
Expected term (in years)	3.0
Expected dividend yield	n/a
Risk-free interest rate	0.17%

RECONCILIATIONS OF BEGINNING AND ENDING BALANCE OF NONVESTED RESTRICTED STOCK (INCLUDING RSUS) TO BE SETTLED IN SHARES AND CASH

The following table provides an activity summary of the Company's share-settled restricted stock units for the six months ended June 30, 2021:

	Share-Settled Performance Restricted Stock Units			Share-Settled Service Restricted Stock Units
	Number of restricted stock units	Weighted  average grant date fair value		Number of restricted stock units	Weighted  average grant date fair value
Non-vested restricted stock units - beginning of period	289	$	55.92	1,501	$	56.50
Granted	122	49.04		1,192	47.95
Vested	(66)	48.89		(546)	56.45
Forfeited	(4)	62.26		(58)	56.10
Non-vested restricted stock units - end of period	341	$	54.74	2,089	$	51.65

The following table provides an activity summary of the Company's cash-settled restricted stock units for the six months ended June 30, 2021:

	Cash-Settled Service Restricted Stock Units
	Number of restricted stock units
Non-vested restricted stock units - beginning of period	471
Granted	—
Vested	(223)
Forfeited	(17)
Non-vested restricted stock units - end of period	231

The following table provides additional information related to share-based compensation:

Six months ended June 30,	2021		2020
Share-based compensation expense(1)	$	25,080	$	25,410
Tax benefits associated with share-based compensation expense	$	4,075	$	3,995
Liability for cash-settled restricted stock units(2)	$	5,804	$	7,675
Fair value of restricted stock units vested(3)	$	41,671	$	46,490
Unrecognized share-based compensation expense	$	107,267	$	98,005
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense	2.8 years		2.7 years

(1) Related to share-settled restricted stock units and cash-settled restricted stock units.

(2) Included in other liabilities in the consolidated balance sheets.

(3) Fair value is based on the closing price of the Company's common shares on the vest date.