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Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Common Stock and Additional Paid-In Capital
Retained Earnings
Treasury Stock
AOCI, net of Tax
Beginning balance at Dec. 31, 2016 $ 3,427,741   $ 1,727,598 $ 2,187,676 $ (439,387) $ (48,146)
Balance (in shares) at Dec. 31, 2016   144,167,451        
Increase (Decrease) in Stockholders' Equity            
Net income 505,624     505,624    
Other comprehensive income (loss) 10,627         10,627
Net activity of common stock pursuant to various stock compensation plans and agreements 14,957   27,897   (12,940)  
Net activity of common stock pursuant to various stock compensation plans and agreements (in shares)   375,609        
Cash dividends on common stock (116,998)     (116,998)    
Ending balance at Dec. 31, 2017 3,841,951   1,755,495 2,576,302 (452,327) (37,519)
Balance (in shares) at Dec. 31, 2017   144,543,060        
Increase (Decrease) in Stockholders' Equity            
Reclassification of tax effects in AOCI resulting from the new federal corporate income tax rate [1] 0     6,656   (6,656)
Beginning balance at Dec. 31, 2017 3,841,951   1,755,495 2,576,302 (452,327) (37,519)
Balance (in shares) at Dec. 31, 2017   144,543,060        
Increase (Decrease) in Stockholders' Equity            
Net income 703,701     703,701    
Other comprehensive income (loss) (14,384)         (14,384)
Net activity of common stock pursuant to various stock compensation plans and agreements 18,848   34,482   (15,634)  
Net activity of common stock pursuant to various stock compensation plans and agreements (in shares)   418,303        
Cash dividends on common stock (125,982)     (125,982)    
Ending balance at Dec. 31, 2018 4,423,974   1,789,977 3,160,132 (467,961) (58,174)
Balance (in shares) at Dec. 31, 2018   144,961,363        
Increase (Decrease) in Stockholders' Equity            
Cumulative effect of change in accounting principle related to marketable equity securities [2] (160)     (545)   385
Net income 674,035     674,035    
Other comprehensive income (loss) 39,766         39,766
Warrants exercised 4,443   1,711   2,732  
Warrants exercised (in shares)   180,226        
Net activity of common stock pursuant to various stock compensation plans and agreements 20,189   34,824   (14,635)  
Net activity of common stock pursuant to various stock compensation plans and agreements (in shares)   483,796        
Cash dividends on common stock (155,300)     (155,300)    
Ending balance at Dec. 31, 2019 $ 5,017,617   $ 1,826,512 $ 3,689,377 $ (479,864) $ (18,408)
Balance (in shares) at Dec. 31, 2019   145,625,385        
[1]
Represents amounts reclassified from AOCI to retained earnings due to the early adoption of ASU 2018-02, Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income in the first quarter of 2018. Refer to Note 1Summary of Significant Accounting Policies to the Consolidated Financial Statements for additional information.
[2]
Represents the impact of the adoption of Accounting Standards Update (“ASU”) 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities in the first quarter of 2018. Refer to Note 1Summary of Significant Accounting Policies to the Consolidated Financial Statements in this Annual Report on Form 10-K (“this Form 10-K”) for additional information.