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SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2022
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:
Nine months ended September 30,20222021
Expected volatility 33.44%32.99%
Expected term (in years)3.03.0
Expected dividend yieldn/an/a
Risk-free interest rate1.26%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 nine months ended September 30, 2022:
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 period311 $54.75 2,062 $51.59 
     Granted140 68.63 989 56.11 
     Vested(100)54.70 (682)52.66 
     Forfeited— — (180)53.05 
Non-vested restricted stock units - end of period351 $60.15 2,189 $53.18 
The following table provides an activity summary of the Company's cash-settled restricted stock units for the nine months ended September 30, 2022:
Cash-Settled Service
Restricted Stock Units
Number of
restricted stock units
Non-vested restricted stock units - beginning of period215 
     Granted— 
     Vested(143)
     Forfeited(8)
Non-vested restricted stock units - end of period64 

The following table provides additional information related to share-based compensation:
Nine months ended September 30,20222021
Share-based compensation expense(1)
$43,595 $37,394 
Tax benefits associated with share-based compensation expense
$7,468 $6,248 
Liability for cash-settled restricted stock units(2)
$4,084 $6,697 
Fair value of restricted stock units vested(3)
$49,239 $42,582 
Unrecognized share-based compensation expense$91,810 $95,636 
Expected weighted average period associated with the recognition of unrecognized share-based compensation expense2.5 years2.6 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.