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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
SCHEDULE OF MONTE CARLO SIMULATION MODEL | The following table provides details of the significant inputs used in the Monte Carlo simulation model:
| Six months ended June 30, | 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 six months ended June 30, 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 |  |  | 1,192 |  |  | 47.95 |  |
| Vested | (66) |  |  | 48.89 |  |  | (546) |  |  | 56.45 |  |
| Forfeited | (4) |  |  | 62.26 |  |  | (58) |  |  | 56.10 |  |
| Non-vested restricted stock units - end of period | 341 |  |  | $ | 54.74 |  |  | 2,089 |  |  | $ | 51.65 |  |
The following table provides an activity summary of the Company's cash-settled restricted stock units for the six months ended June 30, 2021:
|  |  |  | Cash-Settled Service Restricted Stock Units |
|  |  |  | Number of restricted stock units |
| Non-vested restricted stock units - beginning of period |  |  | 471 |  |
| Granted |  |  | — |  |
| Vested |  |  | (223) |  |
| Forfeited |  |  | (17) |  |
| Non-vested restricted stock units - end of period |  |  | 231 |  |
The following table provides additional information related to share-based compensation:
Six months ended June 30, | 2021 |  | 2020
Share-based compensation expense(1) | $ | 25,080 |  |  | $ | 25,410 |
Tax benefits associated with share-based compensation expense | $ | 4,075 |  |  | $ | 3,995 |
Liability for cash-settled restricted stock units(2) | $ | 5,804 |  |  | $ | 7,675 |
Fair value of restricted stock units vested(3) | $ | 41,671 |  |  | $ | 46,490 |
Unrecognized share-based compensation expense | $ | 107,267 |  |  | $ | 98,005 |
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense | 2.8 years |  | 2.7 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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- Definition 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 + Details
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- Definition 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. + References No definition available. + Details
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