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EQUITY COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of equity-based compensation expense, net of assumed forfeitures
Equity-based compensation expense, net of forfeitures, recorded by the Company is included in the following table:
Three months ended June 30,Six months ended June 30,
 2020201920202019
Restricted units$28,386  $21,783  $56,768  $44,796  
Restricted units with a market condition297  901  4,429  1,791  
Options—  1,157  43  4,258  
Phantom shares—  188  —  736  
Equity-based compensation expense$28,683  $24,029  $61,240  $51,581  
Summary of unvested restricted units' activity
The following table presents unvested restricted units' activity:
 Restricted Units
Weighted Average
Grant Date Fair
Value Per Unit
Balance - January 1, 202016,810,473  $20.07  
Granted3,653,779  36.47  
Vested(3,945,510) 19.22  
Forfeited(216,209) 21.73  
Balance - June 30, 202016,302,533  $23.92  
The following table presents the unvested market condition awards' activity:
 Market Condition Awards UnitsWeighted Average
Grant Date Fair
Value Per Unit
Balance - January 1, 20201,333,334  $9.30  
Granted—  —  
Vested(666,667) 10.92  
Forfeited—  —  
Balance - June 30, 2020666,667  $7.68  
Summary of unvested options activity
A summary of options activity during the six months ended June 30, 2020 is presented below:
 OptionsWeighted Average Exercise Price
Weighted Average
Remaining Life
(in years)
Aggregate Intrinsic Value
Balance - January 1, 202013,426,870  $18.99  4.3$224,260  
Granted—  —  —  —  
Exercised(3,747,461) 18.99  —  —  
Expired—  —  —  —  
Forfeited—  —  —  —  
Balance - June 30, 20209,679,409  $18.99  3.8$200,497  
Exercisable at June 30, 20209,679,409  $18.99  3.8$200,497