SHARE BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Activity for Shares

The following table summarizes activity relating to carry units:

	Number of Time Vesting Awards		Number of Performance Based Vesting Awards	Weighted Average Grant Date Fair Value
Balance, December 31, 2017	168,550,001		10,000,000	$	0.71
Vested	(48,337,500	)	—	0.37
Forfeited	(15,500,001	)	—	0.56
Balance, September 30, 2018	104,712,500		10,000,000	1.01

Stock Option Activity

The following table summarizes activity related to employee stock options for the nine months ended September 30, 2018:

	Shares Under Option				Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (in years)
	Time Vesting		Performance Based Vesting					Aggregate Intrinsic Value (a)
Balance at December 31, 2017	5,110,747		—		$	17.45	9.97	$	8,944
Granted	2,332,540		95,953		17.76
Forfeited	(496,491	)	(22,314	)	17.76
Balance at September 30, 2018	6,946,796		73,639		17.51		9.43	4,417
Options exercisable at September 30, 2018	—		—		—		—	—

(a) The aggregate intrinsic value is calculated as the difference between the exercise price and the closing price of the Company's Class A common stock at the respective date.

Aggregate Assumptions Used to Calculated the Fair Values of Stock Options

The following weighted-average assumptions were used to calculate the fair values of stock option awards granted during the nine months ended September 30, 2018:

Risk-free interest rate	2.77%
Expected life (in years)	6.48
Dividend yield	—%
Volatility	35.23%
Grant date fair value	$7.12