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

    

2019

    

2018

    

2017

 

Dividend yield

0.0

%  

0.0

%  

0.0

%  

Expected volatility

30.2

%  

34.7

%  

36.5

%  

Risk-free interest rate

2.37

%  

2.81

%  

2.11

%  

Expected term

6.0 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

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

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

 

$

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

 

52

$

58.54

Granted 10/01/19 - 12/31/19

 

50

$

56.39

Exercised

 

(5,224)

$

17.68

Cancelled or forfeited

 

(397)

$

50.83

Outstanding at December 31, 2019

 

14,941

$

42.88

 

6.3

$

308,884

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

 

14,205

$

42.25

 

6.2

$

302,587

Exercisable at December 31, 2019

 

7,758

$

33.70

 

5.0

$

231,600

Summary of information about stock options outstanding and exercisable

Options Outstanding

Options Exercisable

Weighted

Average

Weighted

Number

Weighted

Number

Remaining

Average

Exercisable

Average

Range of Exercise

Outstanding (In

Contractual

Exercise

(In

Exercise

Prices ($)

     

 Thousands)

    

Term (Years)

    

Price ($)

    

Thousands)

    

Price ($)

$

6.40

-

$

17.99

 

1,741

 

3.2

$

16.88

 

1,741

$

16.88

$

18.64

-

$

23.35

 

1,852

 

4.1

$

22.92

 

1,852

$

22.92

$

36.05

-

$

36.05

 

12

 

5.0

$

36.05

 

8

$

36.05

$

37.10

-

$

43.64

 

1,457

 

6.4

$

42.06

 

757

$

40.91

$

43.99

-

$

43.99

 

1,925

 

6.2

$

43.99

 

1,088

$

43.99

$

44.73

-

$

45.16

 

2,002

 

5.5

$

45.10

 

1,336

$

45.11

$

45.55

-

$

51.50

 

1,621

 

7.4

$

47.60

 

578

$

46.56

$

53.24

-

$

57.95

 

382

 

8.8

$

55.85

 

39

$

54.80

$

58.73

-

$

58.73

 

2,371

 

8.2

$

58.73

 

345

$

58.73

$

58.77

-

$

63.46

 

1,578

 

9.2

$

59.79

 

14

$

62.50

 

14,941

 

6.3

$

42.88

 

7,758

$

33.70

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

Granted 10/01/19 - 12/31/19

1

$

55.73

Vested

(266)

$

50.12

Forfeited/cancelled

(6)

$

59.67

Non-vested at December 31, 2019

825

$

57.62

Schedule of employee and non-employee share-based compensation expense

    

2019

    

2018

    

2017

Operating expenses

$

63,356

$

57,111

$

52,282

Total employee and non-employee share-based compensation expense included in income, before income tax

 

63,356

 

57,111

 

52,282

Less: Amount of income tax benefit recognized in earnings

 

(36,326)

 

(14,892)

 

(100,635)

Amount charged against net income

$

27,030

$

42,219

$

(48,353)