SHARE-BASED PAYMENT (Tables)

12 Months Ended

Dec. 31, 2019

SHARE-BASED PAYMENT

Schedule of Stock Compensation Expense

Components of stock compensation expense (in thousands)	2019		2018		2017
Restricted shares	$	17,818	$	14,741	$	12,336
Stock options		625		1,124		1,570
PSP "RSUs"		5,632		8,094		7,228
Total stock compensation expense	$	24,075	$	23,959	$	21,134
Excess tax benefit recognized	$	4,632	$	6,848	$	9,545

Schedule of Restricted Share Activity

		Weighted-
		Average
		Grant-date
Restricted Shares Activity	Shares	Fair Value
Nonvested at January 1, 2019	1,171,018	$	37.32
Granted	486,173		54.52
Vested	(563,736)		30.81
Forfeited	(8,079)		41.17
Nonvested at December 31, 2019	1,085,376	$	48.39

Schedule of Restricted Share Units Activity

		Weighted-
		Average
		Grant-date
Restricted Share Units Activity	Share Units	Fair Value
Nonvested at January 1, 2019	1,098,612	$	35.54
Granted	295,851		52.84
Vested	(488,787)		23.92
Forfeited	(15,627)		23.92
Nonvested at December 31, 2019	890,049	$	47.87

Schedule of Stock Option Activity

				Weighted-
		Weighted-		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contract Life	Value
Stock Options Activity	Options	Price		(Years)	(in thousands)
Outstanding at January 1, 2019	1,048,264	$	19.76
Granted	—		—
Exercised	(65,182)		20.29
Forfeited	—		—
Expired	—		—
Outstanding at December 31, 2019	983,082	$	19.72	4.6	$	44,199
Exercisable at December 31, 2019	945,506	$	18.92	4.5	$	43,265

Schedule of Stock Options Valuation Assumptions

Inputs into Black-Scholes Option Pricing Model	2017
Estimated option life (years)		6.00
Risk free interest rate		2.04	%
Expected volatility		35.34	%
Expected dividend rate		0.00	%
Strike price	$	39.82
Weighted average grant date fair value per share of options granted	$	14.98