STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

STOCK BASED COMPENSATION

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, 2014	2,595,084	$	26.04
Options granted	464,500	$	42.90
Options exercised	(47,412)	$	17.95		$	1,250
Options canceled/forfeited	(740)	$	16.51
Outstanding options at September 30,  2014	3,011,432	$	28.77	5.25	$	43,850
Exercisable options at September 30,  2014	1,351,312	$	22.29	3.99	$	28,382
				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	$	22.23
Options granted	582,200	$	36.31
Options exercised	(761,362)	$	17.18		$	17,211
Options canceled/forfeited	(44,880)	$	25.93
Outstanding options at September 30,  2013	2,721,162	$	26.59	5.65	$	46,590
Exercisable options at September 30,  2013	1,060,662	$	21.09	4.35	$	23,995

Schedule of stock option assumptions for fair value estimate

	2014			2013
Weighted-average fair value of grants	$	7.76		$	6.58
Risk-free interest rates		1.70	%		0.80	%
Dividend yield		1.94	%		2.00	%
Expected volatility		23.19	%		25.41	%
Expected option life		5.17	years		5.23	years