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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

SCHEDULE OF MONTE CARLO SIMULATION MODEL

The following table provides details of the inputs used in the Monte Carlo simulation model:

			Three months ended March 31,			2021
			Expected volatility			32.99%
			Expected term (in years)			3.0
			Expected dividend yield			n/a
			Risk-free interest rate			0.17%

RECONCILIATIONS OF BEGINNING AND ENDING BALANCE OF NONVESTED RESTRICTED STOCK (INCLUDING RSUS) TO BE SETTLED IN SHARES AND CASH

The following table provides an activity summary of the Company's share-settled restricted stock units for the three months ended March 31, 2021:

						Share-Settled Performance Restricted Stock Units												Share-Settled Service Restricted Stock Units
						Number of restricted stock units						Weighted  average grant date fair value						Number of restricted stock units						Weighted  average grant date fair value
			Non-vested restricted stock units - beginning of period			289						$	55.92					1,501						$	56.50
			Granted			122						49.04						1,180						47.88
			Vested			(66)						48.89						(523)						56.38
			Forfeited			—						—						(20)						56.58
			Non-vested restricted stock units - end of period			345						$	54.84					2,138						$	51.77

The following table provides an activity summary of the Company's cash-settled restricted stock units for the three months ended March 31, 2021:

												Cash-Settled Service Restricted Stock Units
												Number of restricted stock units
			Non-vested restricted stock units - beginning of period									471
			Granted									—
			Vested									(213)
			Forfeited									(9)
			Non-vested restricted stock units - end of period									248

The following table provides additional information related to share-based compensation:

Three months ended March 31,			2021						2020
Share-based compensation expense(1)			$	12,339					$	13,132
Tax benefits associated with share-based compensation expense			$	1,771					$	1,889
Liability for cash-settled restricted stock units(2)			$	4,626					$	5,711
Fair value of restricted stock units vested(3)			$	39,981					$	45,565
Unrecognized share-based compensation expense			$	122,163					$	111,909
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense			3.0 years						2.8 years

(1) Related to share-settled restricted stock units and cash-settled restricted stock units.

(2) Included in other liabilities in the consolidated balance sheets.

(3) Fair value is based on the closing price of the Company's common shares on the vest date.

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Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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