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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2019
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,

    

2019

    

2018

    

2019

    

2018

Dividend yield

 

0

%

0

%

0

%

0

%

Expected volatility

 

30.2

%

34.5

%

30.2

%

34.9

%

Risk-free interest rate

 

1.4

%

2.9

%

2.4

%

2.8

%

Expected term

 

5.8

years

6.1

years

6.0

years

6.1

years

Summary of activities with respect to its stock option plans

Weighted-

 

Weighted-

Average

 

Average

Remaining

 

Number of

Exercise

Contractual

Shares (in

Price Per

Term (In

Aggregate

Options

    

thousands)

    

Share

    

years)

    

Intrinsic 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

Granted 04/01/19 - 06/30/19

$

Granted 07/01/19 - 09/30/19

52

$

58.54

Exercised

 

(4,999)

$

17.05

Cancelled or forfeited

 

(373)

$

50.42

Outstanding at September 30, 2019

 

15,140

$

42.69

 

6.5

$

237,041

Vested and expected to vest in the future at September 30, 2019

 

14,290

$

41.98

 

6.4

$

233,489

Exercisable at September 30, 2019

 

7,557

$

33.14

 

5.2

$

188,583

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

Granted 04/01/19 - 06/30/19

18

$

63.48

Granted 07/01/19 - 09/30/19

1

$

66.00

Vested

 

(265)

$

50.10

Forfeited/cancelled

 

(6)

$

59.67

Non-vested at September 30, 2019

 

825

$

57.63