EQUITY-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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		2,615,660			31.92		2,477,272			26.08
Forfeited		(36,903	)		28.79		(56,642	)		25.00
Vested		(92,717	)		27.45		(9,190	)		28.02
Unvested Balance at September 30,		4,959,664		$	28.93		2,411,440		$	26.10

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		(174,727	)		24.00		(130,975	)		24.00
Outstanding at September 30,		3,122,179		$	24.00		3,370,906		$	24.00