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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2015
STOCK-BASED COMPENSATION [Abstract]  
Summary of Additional Information Concerning Restricted Stock Units
The following table summarizes additional information concerning restricted stock units at December 31, 2015:
 
 
Restricted Stock Units
 
Weighted Average Grant Date Fair Value Per Unit
Unvested as of December 31, 2014
 
562,426

 
$
23.26

Granted
 
504,608

 
21.11

Vested
 
(341,354
)
 
24.78

Dividends reinvested
 
37,353

 
23.19

Cancelled
 
(30,277
)
 
18.66

 
 
 
 
 
Unvested as of December 31, 2015
 
732,756

 
$
21.37

 
 
 
 
 
Summary of Assumptions used in Total Stockholder Return-Based Stock Units Valuation
The following are the key assumptions used in this valuation:
 
2015
 
2014
 
2013
Risk Free Interest Rate
0.87% - 1.31%

 
1.07% - 1.09%

 
0.37% - 0.67%

Expected Stock Price Volatility
23.55% - 27.02%

 
24.14% - 24.22%

 
33.36% - 36.11%

Expected Service Period
2.5 - 3.0 years

 
3.0 years

 
3.0 years

Expected Dividend Yield (assuming full reinvestment)
%
 
%
 
%