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SHARE-BASED AWARDS AND OPTIONS (Tables)
9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
Share-based compensation expense
$
14,833

 
$
9,617

 
$
44,937

 
$
30,771

Income tax benefit
$
3,614

 
$
3,523

 
$
10,276

 
$
10,788

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 nine months ended September 30, 2018:
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Unvested at December 31, 2017
1,226

 

$78.29

Granted
600

 
107.16

Vested
(715
)
 
62.89

Forfeited
(55
)
 
90.40

Unvested at September 30, 2018
1,056

 
$104.52

Schedule of Stock Option Activity
The following summarizes changes in stock option activity for the nine months ended September 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
(9
)
 
81.68

 
 
 
 
Exercised
(188
)
 
39.40

 
 
 
 
Outstanding at September 30, 2018
629

 

$60.75

 
6.1
 
$41.8
 
 
 
 
 
 
 
 
Options vested and exercisable at September 30, 2018
457

 

$47.50

 
5.1
 
$36.5
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:
 
Nine Months Ended
 
September 30, 2018
 
September 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