XML 97 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Stockholders' Equity (UNAUDITED) - USD ($)
Total
Common Stock
Additional Paid-in Capital
Accumulated Retained Earnings
Beginning balance, value at Dec. 31, 2017 $ 518,000,000 $ 1,000,000 $ 162,000,000 $ 355,000,000
Beginning balance, shares at Dec. 31, 2017   99,000,000    
Net income 30,000,000 $ 0 0 30,000,000
Activity related to share-based compensation (1,000,000) 0 (1,000,000) 0
Repurchase and retirement of common stock (112,000,000) $ 0 (3,000,000) (109,000,000)
Repurchase and retirement of common stock, shares   (2,000,000)    
Revenue recognition cumulative-effect adjustment (38,000,000) $ 0 0 (38,000,000)
Capital contribution 3,000,000 0 3,000,000 0
Ending balance, value at Mar. 31, 2018 400,000,000 $ 1,000,000 161,000,000 238,000,000
Ending balance, shares at Mar. 31, 2018   97,000,000    
Beginning balance, value at Dec. 31, 2017 518,000,000 $ 1,000,000 162,000,000 355,000,000
Beginning balance, shares at Dec. 31, 2017   99,000,000    
Net income [1] 177,564,538      
Ending balance, value at Sep. 30, 2018 562,000,000 $ 1,000,000 174,000,000 387,000,000
Ending balance, shares at Sep. 30, 2018   97,000,000    
Beginning balance, value at Mar. 31, 2018 400,000,000 $ 1,000,000 161,000,000 238,000,000
Beginning balance, shares at Mar. 31, 2018   97,000,000    
Net income 107,000,000 $ 0 0 107,000,000
Activity related to share-based compensation 6,000,000 0 6,000,000 0
Other 4,000,000 0 3,000,000 1,000,000
Ending balance, value at Jun. 30, 2018 517,000,000 $ 1,000,000 170,000,000 346,000,000
Ending balance, shares at Jun. 30, 2018   97,000,000    
Net income 40,533,279 [1] $ 0 0 41,000,000
Activity related to share-based compensation 4,000,000 0 4,000,000 0
Ending balance, value at Sep. 30, 2018 562,000,000 $ 1,000,000 174,000,000 387,000,000
Ending balance, shares at Sep. 30, 2018   97,000,000    
Beginning balance, value at Dec. 31, 2018 $ 616,000,000 $ 1,000,000 174,000,000 441,000,000
Beginning balance, shares at Dec. 31, 2018 94,558,086 94,000,000    
Net income $ 55,000,000 $ 0 0 55,000,000
Activity related to share-based compensation 1,000,000 0 1,000,000 0
Repurchase and retirement of common stock (97,000,000) $ 0 (5,000,000) (92,000,000)
Repurchase and retirement of common stock, shares   (3,000,000)    
Ending balance, value at Mar. 31, 2019 575,000,000 $ 1,000,000 170,000,000 404,000,000
Ending balance, shares at Mar. 31, 2019   91,000,000    
Beginning balance, value at Dec. 31, 2018 $ 616,000,000 $ 1,000,000 174,000,000 441,000,000
Beginning balance, shares at Dec. 31, 2018 94,558,086 94,000,000    
Net income [1] $ 144,352,584      
Ending balance, value at Sep. 30, 2019 $ 494,000,000 $ 1,000,000 174,000,000 319,000,000
Ending balance, shares at Sep. 30, 2019 85,469,804 85,000,000    
Beginning balance, value at Mar. 31, 2019 $ 575,000,000 $ 1,000,000 170,000,000 404,000,000
Beginning balance, shares at Mar. 31, 2019   91,000,000    
Net income 39,000,000 $ 0 0 39,000,000
Activity related to share-based compensation 10,000,000 0 10,000,000 0
Repurchase and retirement of common stock (174,000,000) $ 0 (11,000,000) (163,000,000)
Repurchase and retirement of common stock, shares   (5,000,000)    
Ending balance, value at Jun. 30, 2019 450,000,000 $ 1,000,000 169,000,000 280,000,000
Ending balance, shares at Jun. 30, 2019   86,000,000    
Net income 50,000,000 [1] $ 0 0 50,000,000
Activity related to share-based compensation 6,000,000 0 6,000,000 0
Repurchase and retirement of common stock (12,000,000) $ 0 (1,000,000) (11,000,000)
Repurchase and retirement of common stock, shares   (1,000,000)    
Ending balance, value at Sep. 30, 2019 $ 494,000,000 $ 1,000,000 $ 174,000,000 $ 319,000,000
Ending balance, shares at Sep. 30, 2019 85,469,804 85,000,000    
[1] Net income for the three months ended September 30, 2019 and 2018 was $50,659,927 and $40,533,279, respectively, and for the nine months ended September 30, 2019