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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

 

 

 

 

 

 

    

Three-Months Ended March 31,

 

 

 

2019

 

2018

 

Dividend yield

 

0.0

%

0.0

%

Expected volatility

 

30.2

%

34.9

%

Risk-free interest rate

 

2.4

%

2.8

%

Expected term

 

6.0

years

6.0

years

 

Summary of activities with respect to its stock option plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

Number of

 

Exercise

 

Contractual

 

Aggregate

 

 

Shares (in

 

Price Per

 

Term (in

 

Intrinsic

Options

    

thousands)

    

Share

    

years)

    

Value

Outstanding at January 1, 2019

 

18,890

 

$

34.61

 

5.8

 

$

303,627

Granted 01/01/19 - 03/31/19

 

1,570

 

$

59.52

 

 

 

 

 

Exercised

 

(3,627)

 

$

9.69

 

 

 

 

 

Cancelled or forfeited

 

(158)

 

$

50.86

 

 

 

 

 

Outstanding at March 31, 2019

 

16,675

 

$

42.23

 

6.9

 

$

224,846

Vested and expected to vest in the future at March 31, 2019

 

15,564

 

$

41.40

 

6.8

 

$

221,040

Exercisable at March 31, 2019

 

8,680

 

$

33.49

 

5.6

 

$

184,608

 

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

 

 

 

 

 

 

 

 

    

    

    

Weighted

 

 

Number of

 

Average

 

 

Shares (in

 

Grant-Date

 

 

thousands)

 

Fair Value

Non-vested at January 1, 2019

 

529

 

$

51.55

Granted 01/01/19 - 03/31/19

 

548

 

$

59.66

Vested

 

(244)

 

$

49.91

Forfeited/cancelled

 

 —

 

$

 —

Non-vested at March 31, 2019

 

833

 

$

57.36