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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Changes in Outstanding Stock Options
Stock options outstanding at December 31, 2018 and changes during the year ended December 31, 2018 are as follows:
 
December 31, 2018
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (In Years)
 
Aggregate
Intrinsic
Value
 
(Shares and intrinsic value in thousands)
Options outstanding at January 1, 2018
6,586

 
$
60.57

 
 
 
 

Granted
80

 
152.53

 
 
 
 

Exercised
(774
)
 
52.56

 
 
 
 

Forfeited
(72
)
 
57.52

 
 
 
 

Expired
(6
)
 
19.51

 
 
 
 

Options outstanding at December 31, 2018
5,814

 
$
62.97

 
6.1
 
$
698,128

Options exercisable
3,592

 
$
59.64

 
5.3
 
$
443,293

Schedule of Information for Stock Options Outstanding and Exercisable
The following table summarizes the information about stock options outstanding and exercisable at December 31, 2018:
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Outstanding at
December 31,
2018
 
Weighted-
Average
Remaining
Contractual
Life in Years
 
Weighted-
Average
Exercise
Price
 
Exercisable at
December 31,
2018
 
Weighted-
Average
Remaining
Contractual
Life in Years
 
Weighted-
Average
Exercise
Price
 
(Shares in thousands)
$20.01 to $30.00
30

 
1.1
 
$
21.60

 
30

 
1.1
 
$
21.60

$30.01 to $40.00
389

 
2.3
 
32.30

 
389

 
2.3
 
32.30

$40.01 to $50.00
1,541

 
5.8
 
43.35

 
961

 
5.0
 
44.26

$50.01 to $60.00
246

 
3.2
 
59.85

 
244

 
3.2
 
59.86

$60.01 to $70.00
1,173

 
6.3
 
65.27

 
767

 
6.0
 
65.62

$70.01 to $80.00
1,840

 
7.4
 
75.33

 
822

 
6.8
 
74.72

$80.01 to $90.00
500

 
6.3
 
84.31

 
375

 
6.3
 
84.31

Greater than $90.01
95

 
9.1
 
148.30

 
4

 
8.9
 
125.08

 
5,814

 
6.1
 
62.97

 
3,592

 
5.3
 
59.64

Schedule of Weighted Average Assumptions
The following are the weighted average assumptions used in the Black-Scholes option pricing model:
 
Years Ended December 31,
 
2018
 
2017
 
2016
Expected volatility
27
%
 
29
%
 
29
%
Risk-free interest rate
2.7
%
 
2.0
%
 
1.2
%
Expected term
6.2 years

 
5.2 years

 
4.8 years

Dividend yield
%
 
%
 
%
Schedule of Outstanding Unvested RSUs and PSUs
Unvested RSUs and PSUs outstanding at December 31, 2018 and changes during the year ended December 31, 2018 are as follows:
 
RSUs
 
PSUs
 
Number
of shares
 
Weighted
Average
Grant Date
Fair Value
 
Number
of shares
 
Weighted
Average
Grant Date
Fair Value
 
(Shares in thousands)
Unvested at January 1, 2018
360

 
$
80.81

 
130

 
$
76.00

Granted
153

 
183.33

 
30

 
152.53

Vested
(49
)
 
78.54

 

 

Forfeited
(5
)
 
98.81

 
(17
)
 
76.00

Unvested at December 31, 2018
459

 
$
115.12

 
143

 
$
92.02