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EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of shares repurchased from employees to satisfy tax obligations incurred in connection with the vesting of restricted stock awards and the exercise of stock options

Year Ended December 31		Shares Repurchased			Aggregate Cost (in thousands)			Average Repurchase Price
2012			9,175		$	344		$	37.51
2013			163,222			8,103			49.64
2014			34,293			2,161			63.01

Summary of stock option activity

Year Ended December 31, 2013
		Number of Options			Weighted Avg. Exercise Price			Weighted Average Remaining Contractual Term (Years)			Aggregate Intrinsic Value
Outstanding at January 1, 2013			720,448		$	34.31
Exercised			(303,536	)		30.64
Forfeited—Vested			(11,625	)		46.01
Forfeited—Unvested			(4,000	)		45.22

Outstanding at December 31, 2013			401,287			36.63			6.0		$	8,000,149


Vested and expected to vest at December 31, 2013			398,036			35.86			6.0		$	7,934,478


Exercisable at December 31, 2013			241,662			35.86			5.2		$	5,004,299

Year Ended December 31, 2014
		Number of Options			Weighted Avg. Exercise Price			Weighted Average Remaining Contractual Term (Years)			Aggregate Intrinsic Value
Outstanding at January 1, 2014			401,287		$	36.63
Exercised			(43,034	)		37.68
Forfeited—Unvested			(7,000	)		34.22

Outstanding at December 31, 2014			351,253			36.55			5.0		$	10,901,529


Vested and expected to vest at December 31, 2014			351,142			36.56			5.0		$	10,987,590


Exercisable at December 31, 2014			290,128			36.81			4.6		$	8,929,815

Summary of information relating to options granted and exercised

The following table summarizes information relating to options granted and exercised during 2012, 2013 and 2014 (in thousands, except fair value of options granted data):

		2012			2013			2014
Weighted-average fair value of options granted		$	15.27		$	N/A		$	N/A
Aggregate intrinsic value of options exercised			938			6,111			1,098,336
Cash proceeds received upon exercise of options			1,452			2,669			1,621
Excess tax benefits from share-based compensation			(362	)		2,101			513

Schedule of weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted

		Options Granted in
		2012
Risk-free interest rate		1.4%
Expected dividend yield		2.5%
Expected life		6.25 years
Expected volatility		53%

Summary of restricted stock activity

		Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2013			103,853		$	39.63
Granted			100,902			48.54
Forfeited			(250	)		46.85
Vested and issued			(49,986	)		43.96

Unvested as of December 31, 2013			154,519		$	44.04

		Shares			Weighted Avg. Fair Value
Unvested as of January 1, 2014			154,519		$	44.04
Granted			109,318			64.73
Forfeited			(8,500	)		51.44
Vested and issued			(60,194	)		44.61

Unvested as of December 31, 2014			195,143		$	55.13