Stockholders' Deficit

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Treasury Stock

Treasury stock is accounted for under the cost method. Treasury stock includes shares repurchased under stock repurchase programs and shares withheld in lieu of minimum tax withholdings due upon vesting of RSUs.

On February 7, 2019, the Company’s Board of Directors (“Board”) authorized the repurchase of its common stock in the amount of approximately $602.9 million, in addition to the $397.1 million that remained available for repurchases under the share repurchase program, for a total repurchase authorization of up to $1.0 billion under the program. The program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. As of December 31, 2019 there was approximately $327.5 million remaining available for repurchases under the program.

Effective February 6, 2020, the Company’s Board authorized the repurchase of its common stock in the amount of $743.0 million, in addition to the $257.0 million that remained available for repurchases under the program, for a total repurchase authorization of up to $1.0 billion under the program.

The summary of the Company’s common stock repurchases for 2019, 2018 and 2017 are as follows:

	2019				2018				2017
	Shares		Average Price		Shares		Average Price		Shares		Average Price
	(In thousands, except average price amounts)
Total repurchases under the repurchase plans	3,911		$	188.84	4,352		$	137.86	6,265		$	94.59
Total repurchases for tax withholdings	243		$	181.07	309		$	123.62	335		$	85.27
Total repurchases	4,154		$	188.39	4,661		$	136.91	6,600		$	94.12
Total costs	$	782,583			$	638,152			$	621,173

Since inception, the Company has repurchased 236.4 million shares of its common stock for an aggregate cost of $10.20 billion, which is recorded as a reduction of Additional paid-in capital.

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the components of Accumulated other comprehensive loss for 2019 and 2018:

	Foreign Currency Translation Adjustments Loss			Unrealized Gain (Loss) On Investments			Total Accumulated Other Comprehensive Loss
	(In thousands)
Balance, December 31, 2017	$	(2,836	)	$	(105	)	$	(2,941	)
Changes	—			130			130
Balance, December 31, 2018	(2,836		)	25			(2,811		)
Changes	—			190			190
Balance, December 31, 2019	$	(2,836	)	$	215		$	(2,621	)