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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2017
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

Three-Months Ended March 31,

 

 

2017

 

2016

Dividend yield

 

0.0%

 

0.0%

Expected volatility

 

36.6%

 

36.2%

Risk-free interest rate

 

2.1%

 

1.5%

Expected term

 

6.1 years

 

5.7 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

 

 

 

 

Exercised

 

(993)

 

$

13.72

 

 

 

 

Cancelled or forfeited

 

(107)

 

$

40.16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2017

 

22,862

 

$

25.19

 

5.9

 

$

480,827

Vested and expected to vest in the future at March 31, 2017

 

21,438

 

$

24.04

 

5.7

 

$

475,332

Exercisable at March 31, 2017

 

13,205

 

$

14.13

 

3.9

 

$

423,110

 

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

Vested

 

(212)

 

$

39.77

Forfeited/cancelled

 

(2)

 

$

20.69

 

 

 

 

 

 

Non-vested at March 31, 2017

 

594

 

$

42.76