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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Costs Related to Stock Compensation Plans
The following costs related to the Company’s stock compensation plans were included in the condensed consolidated statements of income and comprehensive income:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Cost of revenues
$
4,518

 
$
3,622

 
$
12,600

 
$
9,871

Selling, general and administrative expenses - Acquisition related
3,890

 
4,542

 
9,870

 
13,985

Selling, general and administrative expenses - All other
5,418

 
3,799

 
15,050

 
9,494

Total
$
13,826

 
$
11,963

 
$
37,520

 
$
33,350

Stock Option Activity
Stock option activity under the Company’s plans is set forth below:
 
Number of
Options 
 
Weighted Average
Exercise Price 
 
Aggregate
Intrinsic Value 
Options outstanding at January 1, 2016
7,450,914

 
$
34.07

 
$
331,938

Options granted
296,692

 
70.56

 
(371
)
Options exercised
(807,677
)
 
19.93

 
(39,883
)
Options forfeited/cancelled
(186,234
)
 
47.04

 
(4,147
)
Options outstanding at September 30, 2016
6,753,695

 
$
37.01

 
$
218,144

 
 
 
 
 
 
Options vested and exercisable at September 30, 2016
3,428,390

 
$
25.74

 
$
149,375

Options expected to vest
3,149,286

 
$
48.25

 
$
66,324

Service-based Awards Activity
The table below summarizes activity related to the Company’s equity-classified and liability-classified service-based awards for the nine months ended September 30, 2016.
 
Equity-Classified
 Restricted Stock
 
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Liability-Classified
Cash-Settled
Restricted Stock Units
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
Unvested service-based awards outstanding at January 1, 2016
306,839

 
$
41.14

 
149,272

 
$
57.55

 

 
$

Awards granted
6,510

 
73.00

 
403,580

 
70.46

 
207,586

 
70.53

Awards vested
(128,180
)
 
41.52

 
(39,612
)
 
55.02

 

 

Awards forfeited/cancelled
(2,035
)
 
44.55

 
(20,753
)
 
70.98

 
(2,287
)
 
70.52

Unvested service-based awards outstanding at September 30, 2016
183,134

 
$
41.97

 
492,487

 
$
67.77

 
205,299

 
$
70.53

Performance-based Awards Activity
Summarized activity related to the Company’s performance-based awards for the nine months ended September 30, 2016, was as follows:
 
Equity-Classified
 Restricted Stock
 
Liability-Classified
Restricted Stock
 
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
 
Number of
Shares 
 
Weighted Average Grant Date
Fair Value Per Share 
Unvested performance-based awards outstanding at January 1, 2016
22,090

 
$
37.52

 
211,206

 
$
39.65

 
14,000

 
$
70.22

Awards granted

 

 

 

 

 

Awards vested
(6,784
)
 
36.57

 
(105,604
)
 
40.44

 
(4,666
)
 
70.22

Awards forfeited/cancelled
(6,467
)
 
36.85

 

 

 
(4,667
)
 
70.22

Unvested performance-based awards outstanding at September 30, 2016
8,839

 
$
38.74

 
105,602

 
$
38.86

 
4,667

 
$
70.22