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SHARE-BASED AWARDS AND OPTIONS (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of 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, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
Share-based compensation expense
$
15,205

 
$
12,337

 
$
30,104

 
$
21,153

Income tax benefit
$
3,377

 
$
4,199

 
$
6,662

 
$
7,265

Schedule of Changes in Non-Vested Restricted Stock Awards Activity
The following table summarizes the changes in unvested restricted stock and performance awards for the six months ended June 30, 2018:
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Unvested at December 31, 2017
1,226

 

$78.29

Granted
485

 
114.78

Vested
(203
)
 
75.77

Forfeited
(26
)
 
85.67

Unvested at June 30, 2018
1,482

 

$90.43

Schedule of Stock Option Activity
The following summarizes changes in stock option activity for the six months ended June 30, 2018: 
 
Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
(years)
 
(in millions)
 
 
 
 
 
 
 
 
Outstanding at December 31, 2017
723

 

$47.79

 
6.4
 
$37.9
Granted
103

 
114.70

 
 
 
 
Forfeited
(4
)
 
19.64

 
 
 
 
Exercised
(49
)
 
21.85

 
 
 
 
Outstanding at June 30, 2018
773

 

$58.45

 
6.8
 
$41.3
 
 
 
 
 
 
 
 
Options vested and exercisable at June 30, 2018
491

 

$41.79

 
5.7
 
$34.2
Schedule of Stock Option 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, 2018
 
June 30, 2017
 
 
 
 
Risk-free interest rate
2.60%
 
1.99%
Expected volatility
29%
 
30%
Dividend yield
0.04%
 
0.06%
Expected term (years)
5
 
5