XML 31 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Treasury Stock
Common Stock
Accumulated Other Comprehensive Income (Loss)
Additional Paid-in Capital
Additional Paid-in Capital
Navient's Subsidiary Investment
Retained Earnings
Total SLM Corporation Equity
Non-controlling interest
Series A Preferred Stock
Series A Preferred Stock
Retained Earnings
Series A Preferred Stock
Total SLM Corporation Equity
Series B Preferred Stock
Series B Preferred Stock
Retained Earnings
Series B Preferred Stock
Total SLM Corporation Equity
Beginning balance at Dec. 31, 2012 $ 1,089,300       $ 14,348   $ 1,068,928   $ 1,083,276 $ 6,024            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 257,593       0   258,945   258,945 (1,352)            
Other comprehensive loss, net of tax (17,372)       (17,372)   0   (17,372) 0            
Comprehensive income 240,221               241,573 (1,352)            
Net transfers from affiliate $ (163,378)       0   (163,378)   (163,378) 0            
Cash dividends:                                
Issuance of common shares (in shares) 9,702,976                              
Ending balance, shares issued (in shares) at Dec. 31, 2013   0   0                        
Ending balance (in shares) at Dec. 31, 2013     0 0                        
Ending balance at Dec. 31, 2013 $ 1,166,143 $ 0 $ 0 $ 0 (3,024) $ 0 1,164,495 $ 0 1,161,471 4,672            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 193,785           68,173 126,046 194,219 (434)            
Other comprehensive loss, net of tax (8,369)       (8,369)       (8,369)              
Comprehensive income 185,416               185,850 (434)            
Net transfers from affiliate 479,409           479,409   479,409              
Separation adjustments related to Spin-Off of Navient Corporation (in shares)   7,300,000 0 422,790,320                        
Separation adjustments related to Spin-Off of Navient Corporation 0 $ 565,000   $ 84,558   1,062,519 (1,712,077)                  
Sale of non-controlling interest (4,238)                 (4,238)            
Cash dividends:                                
Preferred stock                     $ (7,667) $ (7,667) $ (7,667) $ (5,266) $ (5,266) $ (5,266)
Dividend equivalent units related to employee stock-based compensation plans $ 0         47   (47)                
Issuance of common shares (in shares) 2,013,805     2,013,805                        
Issuance of common shares $ 8,683     $ 403   8,280     8,683              
Tax benefit related to employee stock-based compensation 3,271         3,271     3,271              
Stock-based compensation expense 16,394         16,394     16,394              
Shares repurchased related to employee stock-based compensation plans (in shares)     (1,365,277) (1,365,277)                        
Shares repurchased related to employee stock-based compensation plans (12,187)   $ (12,187)           (12,187)              
Ending balance, shares issued (in shares) at Dec. 31, 2014   7,300,000   424,804,125                        
Ending balance (in shares) at Dec. 31, 2014     (1,365,277) 423,438,848                        
Ending balance at Dec. 31, 2014 1,829,958 $ 565,000 $ (12,187) $ 84,961 (11,393) 1,090,511 $ 0 113,066 1,829,958 $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 274,284             274,284 274,284              
Other comprehensive loss, net of tax (4,666)       (4,666)       (4,666)              
Comprehensive income $ 269,618               269,618              
Separation adjustments related to Spin-Off of Navient Corporation           1,660     1,660              
Cash dividends:                                
Preferred stock                     $ (11,501) $ (11,501)   $ (8,094) $ (8,094)  
Dividend equivalent units related to employee stock-based compensation plans           1,146   (1,146) 0              
Issuance of common shares (in shares) 5,873,309     5,873,309                        
Issuance of common shares       $ 1,175   14,805     15,980              
Tax benefit related to employee stock-based compensation           6,140     6,140              
Stock-based compensation expense           21,598     21,598              
Shares repurchased related to employee stock-based compensation plans (in shares)     (3,008,913) (3,008,913)                        
Shares repurchased related to employee stock-based compensation plans     $ (29,036)           (29,036)              
Ending balance, shares issued (in shares) at Dec. 31, 2015   7,300,000   430,677,434                        
Ending balance (in shares) at Dec. 31, 2015     (4,374,190) 426,303,244                        
Ending balance at Dec. 31, 2015 $ 2,096,323 $ 565,000 $ (41,223) $ 86,136 $ (16,059) $ 1,135,860   $ 366,609 $ 2,096,323