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SHARE-BASED PAYMENTS SHARE-BASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2019
Restricted Stock Units Activity  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity The following tables set forth activity and various statistics for our restricted stock unit awards:
 
 
Number of
Units
 
Weighted
Average Price
Nonvested December 31, 2018
 
1,025,193

 
$
34.68

Granted
 
262,399

 
$
58.07

Released to participants
 
(541,871
)
 
$
19.73

Forfeited
 
(46,731
)
 
$
49.61

Nonvested December 31, 2019
 
698,990

 
$
54.05

 
 
2019
 
2018
 
2017
Weighted-average grant date fair value (per share)
 
$
58.07

 
$
46.94

 
$
45.11

Fair value of units granted (thousands of dollars)
 
$
15,238

 
$
13,907

 
$
12,685

Grant date fair value of units vested (thousands of dollars)
 
$
10,691

 
$
9,552

 
$
7,258


Performance-Unit Activity  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity The following tables set forth activity and various statistics related to the performance unit awards and the assumptions used in the valuations at the respective grant dates:
 
 
Number of
Units
 
Weighted
Average Price
Nonvested December 31, 2018
 
1,243,643

 
$
44.08

Granted
 
338,427

 
$
68.02

Released to participants
 
(636,628
)
 
$
23.59

Forfeited
 
(7,621
)
 
$
39.54

Nonvested December 31, 2019
 
937,821

 
$
66.67

 
 
2019
 
2018
 
2017
Volatility (a)
 
27.10%
 
39.20%
 
40.59%
Dividend yield
 
5.05%
 
5.49%
 
4.68%
Risk-free interest rate
 
2.47%
 
2.44%
 
1.49%
(a) - Volatility was based on historical volatility over three years using daily stock price observations.
 
 
2019
 
2018
 
2017
Weighted-average grant date fair value (per share)
 
$
68.02

 
$
59.57

 
$
56.65

Fair value of units granted (thousands of dollars)
 
$
23,020

 
$
22,081

 
$
17,621

Grant date fair value of units vested (thousands of dollars)
 
$
15,018

 
$
12,545

 
$
8,704