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SHARE-BASED AWARDS AND OPTIONS (Tables) | 6 Months Ended
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Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by plan | The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options:
| Three Months Ended |  | Six Months Ended
| June 30, 2017 |  | June 30, 2016 |  | June 30, 2017 |  | June 30, 2016
| (in thousands)
Share-based compensation expense | $ | 12,337 |  |  | $ | 10,325 |  |  | $ | 21,153 |  |  | $ | 17,372 |
Income tax benefit | $ | 4,199 |  |  | $ | 3,367 |  |  | $ | 7,265 |  |  | $ | 5,711 |
Schedule of changes in non-vested restricted stock awards activity | The following table summarizes the changes in unvested share-based awards for the six months ended June 30, 2017:
| Shares |  | Weighted-Average Grant-Date Fair Value
| (in thousands) |  |
Unvested at December 31, 2016 | 1,263 |  |  |  | $49.55 |
Granted | 490 |  |  | 80.21 |
Vested | (34 | ) |  | 60.89 |
Forfeited | (54 | ) |  | 58.22 |
Unvested at June 30, 2017 | 1,665 |  |  |  | $58.05 |
Schedule of share-based compensation, stock options, activity | The following summarizes changes in unvested stock option activity for the six months ended June 30, 2017:
| Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (in thousands) |  |  |  | (years) |  | (in millions)
Outstanding at December 31, 2016 | 759 |  |  | $37.51 |  | 6.0 |  | $24.5
Granted | 124 |  |  | 79.45 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Exercised | (122 | ) |  | 22.03 |  |  |  |  |
Outstanding at June 30, 2017 | 761 |  |  | $46.79 |  | 6.7 |  | $33.2
Options vested and exercisable at June 30, 2017 | 381 |  |  | $31.05 |  | 4.8 |  | $22.6
Schedule of share-based payment award, stock options, valuation assumptions | Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:
| Six Months Ended
| June 30, 2017
Risk-free interest rate | 1.99%
Expected volatility | 30%
Dividend yield | 0.06%
Expected term (years) | 5

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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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