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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2018
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

Three-Months Ended September 30,

 

Nine-Months Ended September 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

Dividend yield

 

0.0%

 

0.0%

 

0.0%

 

0.0%

 

Expected volatility

 

34.5%

 

35.3%

 

34.9%

 

36.6%

 

Risk-free interest rate

 

2.9%

 

1.7%

 

2.8%

 

2.1%

 

Expected term

 

6.1 years

 

5.9 years

 

6.1 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

 

 

 

 

 

Granted 04/01/18 - 06/30/18

 

360

 

$

51.72

 

 

 

 

 

Granted 07/01/18 - 09/30/18

 

11

 

$

58.77

 

 

 

 

 

Exercised

 

(1,308)

 

$

18.71

 

 

 

 

 

Cancelled or forfeited

 

(495)

 

$

43.71

 

 

 

 

 

Outstanding at September 30, 2018

 

19,002

 

$

34.45

 

6.1

 

$

454,476

 

Vested and expected to vest in the

 

 

 

 

 

 

 

 

 

future at September 30, 2018

 

18,061

 

$

33.59

 

5.9

 

$

447,291

 

Exercisable at September 30, 2018

 

10,179

 

$

22.51

 

4.3

 

$

364,103

 

 

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

 

Granted 04/01/18- 06/30/18

 

48

 

$

52.31

 

Granted 07/01/18 - 09/30/18

 

1

 

$

58.72

 

Vested

 

(263)

 

$

45.36

 

Forfeited/cancelled

 

(7)

 

$

33.60

 

 

 

 

 

 

 

 

Non-vested at September 30, 2018

 

530

 

$

51.48