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SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Assumptions Used in the Determination of Fair Value of Stock Options Awarded

The weighted average assumptions used in the determination of fair value for stock options awarded in 2016, 2015, and 2014 are provided in the table below:

Assumptions		2016		2015		2014
Expected volatility rate		23.71%		24.11%		25.82%
Expected dividend yield		2.31%		1.75%		1.70%
Average risk-free interest rate		1.23%		1.45%		1.44%
Expected term years		5.0		4.8		4.7

Schedule of Activity of Stock Option Awards

A summary of the activity of the Company's stock option awards for 2016, 2015, and 2014 is presented below:

	2016							2015							2014
	Options			Weighted-Average Exercise Price				Options			Weighted-Average Exercise Price				Options			Weighted-Average Exercise Price
Outstanding at beginning of year	2,434,600			$	53			2,209,800			$	46			2,359,100			$	39
Granted	554,000			65				512,700			74				272,100			86
Exercised	(618,500	)		33				(271,200	)		30				(419,300	)		31
Cancelled, forfeited, or expired	(6,400	)		77				(16,700	)		77				(2,100	)		55
Outstanding at end of year	2,363,700			$	61			2,434,600			$	53			2,209,800			$	46
Options exercisable at year-end	1,378,000							1,643,100							1,726,800
Available for grant at end of year	3,807,724							5,413,250							7,271,093

Schedule of Remaining Contractual Term and Weighted Average Exercise Price of Stock Options Outstanding and Exercisable

The following table provides the remaining contractual term and weighted average exercise prices of stock options outstanding and exercisable at December 31, 2016:

		Options Outstanding								Options Exercisable
Range of Exercise Prices		Number Outstanding at December 31, 2016		Weighted-Average Remaining Contractual Life (Years)		Weighted-Average Exercise Price				Number Exercisable at December 31, 2016		Weighted-Average Exercise Price
$18-$35		119,600		2.2		$	28			119,600		$	28
$36-$50		617,600		4.2		39				617,600		39
$51-$73		867,300		8.1		67				313,300		70
$74-$87		759,200		7.9		78				327,500		80
		2,363,700		6.7		$	61			1,378,000		$	55

Schedule of Summary of Status of Nonvested Options

A summary of the status of the Company's nonvested options as of December 31, 2016 and changes during the year then ended is presented below:

Nonvested Options		Number of Options			Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2016		791,500			$15.17
Granted		554,000			$10.97
Vested		(353,400	)		$15.88
Forfeited or expired		(6,400	)		$14.57
Nonvested options at December 31, 2016		985,700			$12.56

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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-Paragraph 2
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (f)(2)
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