STOCK BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2020

STOCK BASED COMPENSATION

Schedule of stock option activity

The following tables summarize option activity for the six-month periods ended June 30, 2020 and 2019:

				Weighted
		Weighted		Average	Aggregate
	Number of	Average		Remaining	Intrinsic
	Options	Exercise		Contractual	Value
	Outstanding	Price		Life	(in 000’s)
Outstanding options at January 1, 2020	1,667,290	$	62.52
Options granted	30,375		94.62
Options exercised	(72,180)		45.92		$	3,181
Options canceled/forfeited	(2,370)		66.57
Outstanding options at June 30, 2020	1,623,115	$	63.86	4.82	$	30,819
Exercisable options at June 30, 2020	878,335	$	57.70	3.89	$	21,544
				Weighted
		Weighted		Average	Aggregate
	Number of	Average		Remaining	Intrinsic
	Options	Exercise		Contractual	Value
	Outstanding	Price		Life	(in 000’s)
Outstanding options at January 1, 2019	1,964,880	$	54.24
Options granted	292,150		80.36
Options exercised	(414,470)		44.70		$	14,941
Options canceled/forfeited	(33,600)		57.61
Outstanding options at June 30, 2019	1,808,960	$	60.59	5.57	$	45,448
Exercisable options at June 30, 2019	672,110	$	52.17	4.21	$	22,544

Schedule of stock option assumptions for fair value estimate

	2020			2019
Weighted-average fair value of grants	$	14.48		$	13.33
Risk-free interest rates		1.54	%		2.42	%
Dividend yield		2.69	%		2.69	%
Expected volatility		22.68	%		22.71	%
Expected option life		4.99	years		4.96	years