EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2015

EQUITY-BASED COMPENSATION

Summary of activity related to restricted stock and RSUs

	Restricted Stock & RSUs
	2015					2014
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested Balance at January 1,		2,473,624		$	25.86		—		$	—
Granted		2,369,571			32.13		2,227,916			25.01
Forfeited		(21,149	)		30.32		(60	)		25.00
Vested		(82,236	)		27.14		(2,000	)		25.00
Unvested Balance at June 30,		4,739,810		$	28.83		2,225,856		$	25.01

Schedule of assumptions used to estimates the fair value of stock option using the Black-Scholes valuation model

	Assumptions
Expected life (in years)		6
Weighted-average risk free interest rate		1.91	%
Expected volatility		35	%
Dividend yield		2.72	%
Weighted-average fair value at grant date	$	6.70

Summary of activity related to stock options

	Stock Options Outstanding
	2015					2014
	Number Outstanding			Weighted-Average Exercise Price Per Share		Number Outstanding			Weighted-Average Exercise Price Per Share
Outstanding at January 1,		3,296,906		$	24.00		—		$	—
Grants		—			—		3,501,881			24.00
Exercises		—			—		—			24.00
Forfeiture or expirations		(146,977	)		24.00		(23,375	)		24.00
Outstanding at June 30,		3,149,929		$	24.00		3,478,506		$	24.00