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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of weighted average assumptions used in the BSM pricing model for grants made

2018

2019

 

Dividend yield

 

Expected annual volatility

39.0

%

39.4-41.1

%

Risk-free interest rate

2.72-2.90

%

1.64-1.88

%

Expected life of the awards (years)

7.07-7.11

5.91-6.05

Weighted-average grant date fair value of awards (per share)

$

14.62

$

15.97

Summary of awards activity for the Company

Options

SARs

RSUs

 

Weighted

Weighted

Weighted

 

average exercise

average exercise

average exercise

    

Quantity

    

price per share

    

Quantity

    

price per share

    

Quantity

    

price per share

 

Outstanding as of December 31, 2018

3,601,433

$

34.51

154,994

$

32.44

    

13,865,414

Granted

 

1,068,554

36.62

    

5,293,636

Exercised

 

(410,145)

5.86

(28,500)

31.22

(5,218,733)

Forfeited

 

(638,743)

Cancelled

 

(945,000)

40.00

(394)

20.99

(500,342)

Outstanding as of December 31, 2019

 

3,314,842

$

37.17

126,100

$

32.75

12,801,232

Summary of information about outstanding and exercisable awards

Awards Outstanding

Awards Exercisable

 

Average

Average

 

Remaining

Aggregate

Remaining

Aggregate

 

Type of

Number

Contractual

Intrinsic

Number

Contractual

Intrinsic

 

Exercise Price ($)

    

award

    

outstanding

    

Life (in years)

    

Value

    

exercisable

    

Life (in years)

    

Value

 

$4.16

Option

48,438

0.47

 $

1.9

48,438

0.47

 $

1.9

$8.77

Option

128,850

0.89

4.5

128,850

0.89

4.5

$36.62

Option

1,068,554

9.59

7.3

$40.00

Option

2,069,000

8.09

7.2

1,339,000

8.02

4.6

Total Options

3,314,842

8.18

20.9

1,516,288

7.17

11.0

$20.99

SARs

1,100

1.91

1,100

1.91

$32.85

SARs

125,000

3.56

1.4

125,000

3.56

1.4

Total SARs

126,100

3.55

1.4

126,100

3.55

1.4

Total RSUs

RSU

12,801,232

8.38

556.7

3,565,653

7.22

155.1

Total Options, SARs, RSUs

16,242,174

8.30

 $

579.0

5,208,041

7.12

 $

167.5

Summary of information about non-vested share awards

Options

RSUs

Weighted

Weighted

Average

Average

Grant Date

Grant Date

Quantity

Fair Value

Quantity

Fair Value

Non-vested as of December 31, 2018

2,386,500

$

13.17

8,567,331

$

28.68

Granted

1,068,554

15.97

5,293,636

35.69

Vested

(711,500)

13.41

(3,486,303)

27.13

Forfeited

(638,743)

31.11

Cancelled

(945,000)

11.86

(500,342)

30.10

Non-vested as of December 31, 2019

1,798,554

$

15.43

9,235,579

$

32.92

2018 plan  
Schedule of weighted average assumptions used in the BSM pricing model for grants made

2019

 

Dividend yield

 

Expected annual volatility

50.00

%

Risk-free interest rate

7.76-8.88

%

Expected life of the awards (years)

6.06-6.10

Weighted-average grant date fair value of awards (per share)

$

131.25

Summary of awards activity for the Company

Options

RSUs

Weighted

Weighted

average exercise

average exercise

    

Quantity

    

price per share

    

Quantity

    

price per share

Outstanding as of December 31, 2018

189

$

80.89

114,499

$

Granted

 

256,812

211.88

191,214

Exercised

 

(67)

80.89

(6,025)

Forfeited

 

(32)

80.89

(10,586)

Cancelled

 

(77,380)

203.83

(17,560)

Outstanding as of December 31, 2019

 

179,522

$

215.28

271,542

$

Summary of information about outstanding and exercisable awards

Awards Outstanding

Awards Exercisable

Average

Average

Remaining

Remaining

Type of

Number

Contractual

Number

Contractual

Exercise Price ($)

    

award

    

outstanding

    

Life (in years)

    

exercisable

    

Life (in years)

$80.89

Option

97

8.11

97

8.11

$203.83

Option

139,425

9.15

35,996

9.13

$255.51

Option

40,000

9.61

Total Options

179,522

9.26

36,093

9.12

Total RSUs

RSU

271,542

8.98

64,735

8.66

Total Options and RSUs

451,064

9.09

100,828

8.83

Summary of information about non-vested share awards

Options

RSUs

Weighted

Weighted

Average

Average

Grant Date

Grant Date

Quantity

Fair Value

Quantity

Fair Value

Non-vested as of December 31, 2017

$

$

Granted

3,397

126.48

137,998

166.00

Vested

(1,078)

137.62

(13,733)

174.27

Forfeited

(2,224)

120.53

(22,282)

172.06

Cancelled

(26)

157.24

Non-vested as of December 31, 2018

69

$

132.54

101,983

$

163.40

Granted

256,812

131.25

191,214

218.27

Vested

(36,040)

132.05

(58,244)

179.91

Forfeited

(32)

132.64

(10,586)

193.31

Cancelled

(77,380)

132.07

(17,560)

214.72

Non-vested as of December 31, 2019

143,429

$

130.60

206,807

$

203.59