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CAPITAL STOCK | 12 Months Ended
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Dec. 31, 2016
CAPITAL STOCK [Abstract] |
CAPITAL STOCK | CAPITAL STOCK The Company had no shares of preferred stock outstanding as of December 31, 2016 and 2015. The activity related to outstanding common stock and common stock held in treasury was as follows:
| 2016 |  | 2015
| Outstanding Common Stock | Treasury Stock |  | Outstanding Common Stock | Treasury Stock
Balance at beginning of period | 62,028,708 |  | 47,630,511 |  |  | 67,432,041 |  | 42,227,178 |
Exercise of stock options | 315,171 |  | (315,171 | ) |  | 580,947 |  | (580,947 | )
Settlement of restricted stock units, net of 41,128 and 73,496 shares retained, respectively | 78,310 |  | (78,310 | ) |  | 145,757 |  | (145,757 | )
Settlement of performance share units, net of 6,765 and 9,971 shares retained, respectively | 11,806 |  | (11,806 | ) |  | 15,956 |  | (15,956 | )
Purchase of treasury shares | (3,629,681 | ) | 3,629,681 |  |  | (6,145,993 | ) | 6,145,993 |
Balance at end of period | 58,804,314 |  | 50,854,905 |  |  | 62,028,708 |  | 47,630,511 |

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- Definition Disclosure of the activity of outstanding common stock and common stock held in treasury. + References No definition available. + Details
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