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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2017
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

Three-Months Ended June 30,

 

Six-Months Ended June 30,

 

 

2017

 

2016

 

2017

 

2016

Dividend yield

 

0.0%

 

0.0%

 

0.0%

 

0.0%

Expected volatility

 

36.5%

 

36.2%

 

36.6%

 

36.2%

Risk-free interest rate

 

1.8%

 

1.3%

 

2.1%

 

1.4%

Expected term

 

6.1 years

 

6.4 years

 

6.1 years

 

6.3 years

 

Summary of Company's activities with respect to its stock option plans

 

Options

 

Number of
Shares (In
thousands)

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Term (In
years)

 

Aggregate
Intrinsic Value

Outstanding at January 1, 2017

 

22,643

 

 $

23.55

 

5.8

 

 $

474,739

Granted 01/01/17 - 03/31/17

 

1,319

 

 $

45.94

 

 

 

 

 

Granted 04/01/17 - 06/30/17

 

26

 

 $

49.71

 

 

 

 

 

Exercised

 

(1,278)

 

 $

14.94

 

 

 

 

 

Cancelled or forfeited

 

(299)

 

 $

40.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2017

 

22,411

 

 $

25.16

 

5.6

 

 $

549,689

Vested and expected to vest in the future at June 30, 2017

 

21,157

 

 $

24.12

 

5.4

 

 $

540,993

Exercisable at June 30, 2017

 

13,135

 

 $

14.33

 

3.7

 

 $

464,352

 

Summary of Company's activities with respect to non-vested restricted stock units

 

 

 

Number of
Shares (in
thousands)

 

Weighted
Average
Grant-Date
Fair Value

Non-vested at January 1, 2017

 

556

 

$

39.95

Granted 01/01/17- 03/31/17

 

252

 

$

46.27

Granted 04/01/17- 06/30/17

 

23

 

$

50.86

Vested

 

(283)

 

$

37.95

Forfeited/cancelled

 

(2)

 

$

20.69

 

 

 

 

 

 

Non-vested at June 30, 2017

 

546

 

$

44.43