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EQUITY-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2013
Equity-based compensation  
Schedule of ranges of significant assumptions used to develop the fair value estimates of equity-based awards

 

 
   
  Range for the Year Ended December 31,  
Valuation Methodology
  Significant Assumption   2013   2012   2011  

Income approach

  Discount rate     14% - 17 %   18% - 20 %   20% - 22 %

Market approach

  Forward income multiples     13.0 - 20.0     11.0 - 17.0     9.0 - 17.5  

 

  Forward revenue multiples     1.5 - 3.25     N/A     N/A  
Management Units
 
Equity-based compensation  
Schedule of activity related to the Management Units provided to partner and non-partner employees
 
  Units   Weighted average
fair value
at grant date
 

Outstanding at January 1, 2011

    745,152   $ 115.29  

Granted

    75,569     824.89  

Forfeited

    (19,329 )   143.57  
             

Outstanding at December 31, 2011

    801,392     181.59  

Granted

    61,837     1,133.71  

Forfeited

    (8,226 )   1,003.46  
             

Outstanding at December 31, 2012

    855,003     242.55  

Granted

    38,162     1,005.21  

Forfeited

    (11,085 )   689.21  
             

Outstanding at December 31, 2013

    882,080     270.05  
             
Schedule of activity related to the unvested Management Units provided to partner and non-partner employees

 

 
  Units   Weighted average
fair value
at grant date
 

Unvested Balance at January 1, 2013

    554,522   $ 366.26  

Granted

    38,162     1,005.21  

Forfeited

    (11,085 )   689.21  

Vested

    (128,642 )   113.38  
             

Unvested Balance at December 31, 2013

    452,957     485.44  
             
Parent Company Investment | Management Units provided upon joining
 
Equity-based compensation  
Summary of vesting schedule

 

Years 1 through 4

    0 %

End of year 5

    50 %

End of year 6

    662/3 %

End of year 7

    831/3 %

End of year 8

    100 %
Parent Company Investment | Management Units granted as part of certain partner's incentive arrangements upon joining | Partners
 
Equity-based compensation  
Summary of vesting schedule

 

Years 1 and 2

    0 %

End of year 3

    331/3 %

End of year 4

    662/3 %

End of year 5

    100 %