CAPITAL STOCK	6 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]
CAPITAL STOCK	CAPITAL STOCK Authorized capital stock consists of 200 million shares of common stock and 15 million shares of preferred stock. At June 30, 2018, there were 95.4 million shares of common stock and no shares of preferred stock outstanding. Dividends In May 2018, our Board of Directors declared a cash dividend of $0.16 per share. The dividend is payable on or before August 31, 2018 to stockholders of record on August 15, 2018. Dividends declared are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the declared dividend. Dividends in excess of retained earnings are recorded as a reduction of additional paid-in capital. The $15.3 million dividend declared during the first quarter 2018 was recorded as a reduction of additional paid-in capital, while the $15.3 million dividend declared during the second quarter 2018 was recorded as a reduction of retained earnings. Nonforfeitable dividends paid on stock awards that subsequently forfeit are reclassified out of retained earnings or additional paid-in capital, as applicable, to compensation expense in the period in which the forfeitures occur. Future dividend payments will depend on our level of earnings, financial requirements, and other factors considered relevant by our Board of Directors.

CAPITAL STOCK

Authorized capital stock consists of 200 million shares of common stock and 15 million shares of preferred stock. At June 30, 2018, there were 95.4 million shares of common stock and no shares of preferred stock outstanding.

Dividends

In May 2018, our Board of Directors declared a cash dividend of $0.16 per share. The dividend is payable on or before August 31, 2018 to stockholders of record on August 15, 2018. Dividends declared are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the declared dividend. Dividends in excess of retained earnings are recorded as a reduction of additional paid-in capital. The $15.3 million dividend declared during the first quarter 2018 was recorded as a reduction of additional paid-in capital, while the $15.3 million dividend declared during the second quarter 2018 was recorded as a reduction of retained earnings. Nonforfeitable dividends paid on stock awards that subsequently forfeit are reclassified out of retained earnings or additional paid-in capital, as applicable, to compensation expense in the period in which the forfeitures occur. Future dividend payments will depend on our level of earnings, financial requirements, and other factors considered relevant by our Board of Directors.