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EMPLOYEE COMPENSATION PLANS (TABLES)
12 Months Ended
Dec. 31, 2015
EMPLOYEE COMPENSATION PLANS [Abstract]  
Summary of non-vested RSU's and performance-based RSU's

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

 

 

 

 

 

 

 

Unvested as of December 31, 2014

 

1,823,078

 

$

23.02

 

Granted

 

768,590

 

$

26.52

 

Vested

 

(531,789)

 

$

22.71

 

Cancellations/expirations

 

(504,413)

 

$

21.79

 

Unvested as of December 31, 2015

 

1,555,466

 

$

25.25

 

 

Schedule of stock option assumptions

 

 

 

 

 

 

 

    

Year Ended December 31,

 

 

 

2011

 

Risk-free interest rate

 

 

 

2.1

%

Expected life in years

 

1.3

-

2.7

 

Expected volatility

 

 

 

54.4

%

Dividend yield

 

 

 

 —

%

Weighted-average volatility

 

 

 

54.4

%

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted

    

 

 

 

 

 

 

 

Weighted

 

Average

 

Aggregate

 

 

 

 

 

Average

 

Remaining

 

Intrinsic

 

 

 

 

 

Exercise

 

Contract

 

Value

 

 

 

Shares

 

Price

 

Term in Years

 

(000’s)

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2014

 

1,151,999

 

$

13.67

 

 

 

 

 

 

Exercises

 

(894,168)

 

$

11.59

 

 

 

$

13,894

 

Post-vest cancellations/expirations

 

(16,667)

 

$

17.31

 

 

 

 

 

 

Outstanding as of December 31, 2015

 

241,164

 

$

21.11

 

3.94

 

$

1,641

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable as of December 31, 2015

 

107,831

 

$

25.80

 

1.54

 

$

228