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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Changes in Stockholders' Equity
The changes in stockholders’ equity for the six months ended June 30, 2016 were as follows:
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
Other
 
Total
 
Common Stock
 
Retained
 
Comprehensive
 
Stockholders’
(in thousands, except share and per share data)
Shares
 
Amount
 
Earnings
 
Income (Loss)
 
Equity
BALANCE, DECEMBER 31, 2015
152,699,077

 
$
829,211

 
$
875,595

 
$
4,265

 
$
1,709,071

Net income

 

 
134,963

 

 
134,963

Repurchase and retirement of common stock
(191,215
)
 
(8,318
)
 

 

 
(8,318
)
Dividends declared ($0.375 per share)

 

 
(57,378
)
 

 
(57,378
)
Stock option exercises
378,250

 
9,278

 

 

 
9,278

Shares issued under the Employee Stock Purchase Plan
40,219

 
1,228

 

 

 
1,228

Issuance of restricted stock
460,739

 

 

 

 

Forfeiture of restricted stock
(17,037
)
 

 

 

 

Forfeiture of performance shares
(5,008
)
 

 

 

 

Share-based compensation, net of forfeitures

 
11,393

 

 

 
11,393

Other comprehensive loss, net of tax

 

 

 
(7,341
)
 
(7,341
)
Other

 
101

 

 

 
101

BALANCE, JUNE 30, 2016
153,365,025

 
$
842,893

 
$
953,180

 
$
(3,076
)
 
$
1,792,997

The changes in stockholders’ equity for the six months ended June 30, 2015 were as follows:
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
Other
 
Total
 
Common Stock
 
Retained
 
Comprehensive
 
Stockholders’
(in thousands, except share and per share data)
Shares
 
Amount
 
Earnings
 
Income
 
Equity
BALANCE, DECEMBER 31, 2014
155,140,967

 
$
923,191

 
$
741,550

 
$
4,816

 
$
1,669,557

Net income

 

 
139,468

 

 
139,468

Repurchase and retirement of common stock
(664,719
)
 
(21,838
)
 

 

 
(21,838
)
Dividends declared ($0.325 per share)

 

 
(50,513
)
 

 
(50,513
)
Stock option exercises
1,068,085

 
9,608

 

 

 
9,608

Shares issued under the Employee Stock Purchase Plan
34,097

 
1,096

 

 

 
1,096

Issuance of restricted stock
243,493

 

 

 

 

Forfeiture of restricted stock
(44,034
)
 

 

 

 

Issuance of performance shares
287,464

 

 

 

 

Forfeiture of performance shares
(4,447
)
 

 

 

 

Share-based compensation, net of forfeitures

 
8,704

 

 

 
8,704

Other comprehensive income, net of tax

 

 

 
1,262

 
1,262

Other

 
46

 

 

 
46

BALANCE, JUNE 30, 2015
156,060,906

 
$
920,807

 
$
830,505

 
$
6,078

 
$
1,757,390

Changes in Accumulated Other Comprehensive Income
The following table provides the components of changes in AOCI for the three and six months ended June 30, 2016 and 2015:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Balance at the beginning of period
$
2,103

 
$
4,195

 
$
4,265

 
$
4,816

Derivative instruments
 
 
 
 
 
 
 
Reclassification of net loss relating to interest rate cash flow hedges from AOCI to interest expense — net (net of tax of $100 and $86 for the three months ended June 30, 2016 and 2015, respectively, and net of tax of $192 and $161 for the six months ended June 30, 2016 and 2015, respectively)
111

 
125

 
230

 
261

(Loss) gain on interest rate swaps relating to interest rate cash flow hedges (net of tax of $3,944 and $1,333 for the three months ended June 30, 2016 and 2015, respectively, and net of tax of $5,767 and $719 for the six months ended June 30, 2016 and 2015, respectively)
(5,459
)
 
1,861

 
(8,001
)
 
998

Derivative instruments, net of tax
(5,348
)
 
1,986

 
(7,771
)
 
1,259

Available-for-sale securities
 
 
 
 
 
 
 
Unrealized net gain (loss) on available-for-sale securities (net of tax of $122 and $74 for the three months ended June 30, 2016 and 2015, respectively, and net of tax of $309 and $2 for the six months ended June 30, 2016 and 2015, respectively)
169

 
(103
)
 
430

 
3

Available-for-sale securities, net of tax
169

 
(103
)
 
430

 
3

Total other comprehensive (loss) income, net of tax
(5,179
)
 
1,883

 
(7,341
)
 
1,262

Balance at the end of period
$
(3,076
)
 
$
6,078

 
$
(3,076
)
 
$
6,078