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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2018
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

 

Three-Months Ended March 31,

 

 

 

2018

 

2017

 

Dividend yield

 

0.0%

 

0.0%

 

Expected volatility

 

34.9%

 

36.6%

 

Risk-free interest rate

 

2.8%

 

2.1%

 

Expected term

 

6.0 years

 

6.1 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, 2018

 

17,819

 

$

29.62

 

6.1

 

$

600,032

 

Granted 01/01/18 - 03/31/18

 

2,615

 

$

58.76

 

 

 

 

 

Exercised

 

(415)

 

$

15.68

 

 

 

 

 

Cancelled or forfeited

 

(192)

 

$

43.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

19,827

 

$

33.62

 

6.4

 

$

472,160

 

Vested and expected to vest in the

 

 

 

 

 

 

 

 

 

future at March 31, 2018

 

18,689

 

$

32.62

 

6.3

 

$

463,173

 

Exercisable at March 31, 2018

 

10,834

 

$

21.99

 

4.7

 

$

381,567

 

 

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, 2018

 

530

 

$

45.09

 

Granted 01/01/18- 03/31/18

 

221

 

$

58.75

 

Vested

 

(255)

 

$

45.62

 

Forfeited/cancelled

 

(6)

 

$

32.17

 

 

 

 

 

 

 

 

Non-vested at March 31, 2018

 

490

 

$

51.15