EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2013

EMPLOYEE BENEFITS

Schedule of stock option activity

					Weighted
			Weighted		Average	Aggregate
	Number of		Average		Remaining	Intrinsic
	Options		Exercise		Contractual	Value
	Outstanding		Price		Life	(in 000’s)
Outstanding options at January 1, 2013	2,945,204		$	22.22
Options granted	632,700		$	35.67
Special dividend*	272		$	16.38
Options exercised	(935,692	)	$	17.40		$	22,422
Options canceled/forfeited	(47,400	)	$	24.86
Outstanding options at December 31, 2013	2,595,084		$	26.04	5.56	$	58,790
Exercisable options at December 31, 2013	934,544		$	20.36	4.28	$	26,474

					Weighted
			Weighted		Average	Aggregate
	Number of		Average		Remaining	Intrinsic
	Options		Exercise		Contractual	Value
	Outstanding		Price		Life	(in 000’s)
Outstanding options at January 1, 2012	2,561,732		$	21.62
Options granted	669,800		$	31.71
Special dividend*	2,172		$	15.39
Options exercised	(282,260	)	$	19.03		$	4,712
Options canceled/forfeited	(6,240	)	$	20.42
Outstanding options at December 31, 2012	2,945,204		$	22.22	5.43	$	29,865
Exercisable options at December 31, 2012	1,362,184		$	18.29	4.27	$	19,135
					Weighted
			Weighted		Average	Aggregate
	Number of		Average		Remaining	Intrinsic
	Options		Exercise		Contractual	Value
	Outstanding		Price		Life	(in 000’s)
Outstanding options at January 1, 2011	3,049,964		$	20.66
Options granted	595,900		$	27.51
Special dividend*	3,082		$	16.08
Options exercised	(1,030,634	)	$	17.31		$	12,764
Options canceled/forfeited	(56,580	)	$	20.82
Outstanding options at December 31, 2011	2,561,732		$	21.62	5.62	$	37,949
Exercisable options at December 31, 2011	1,207,872		$	19.90	4.54	$	19,965

*An adjustment was made to the exercise price and number of ISO options outstanding for the special cash dividends paid during December 2013, 2012, and 2011. “Special dividend” represents the incremental options issued as a result of the this adjustment.

Schedule of weighted-average grant-date assumptions and weighted average fair values

	2013			2012			2011
Weighted-average fair value of grants	$	6.88		$	6.55		$	6.45
Risk-free interest rates	0.87		%	0.90		%	2.06		%
Dividend yield	2.00		%	1.93		%	1.89		%
Expected volatility	25.40		%	25.62		%	25.68		%
Expected option life	5.26 years			5.43 years			5.54 years