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Capital Stock
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Capital Stock

(16) CAPITAL STOCK

We have authorized capital stock of 485.0 million shares which includes 475.0 million shares of common stock and 10.0 million shares of preferred stock. We currently have no preferred stock issued or outstanding. The following is a schedule of changes in the number of common shares outstanding since the beginning of 2018:

 

 

 

Nine Months
Ended
September 30,
2019

 

 

Year
Ended
December 31,
2018

 

Beginning balance

 

 

249,510,022

 

 

 

248,129,430

 

Restricted stock grants

 

 

1,178,732

 

 

 

865,095

 

Restricted stock units vested

 

 

714,271

 

 

 

434,046

 

Performance stock units issued

 

 

12,283

 

 

 

73,985

 

Performance stock dividends

 

 

464

 

 

 

2,164

 

Treasury shares issued

 

 

1,532

 

 

 

5,302

 

Ending balance

 

 

251,417,304

 

 

 

249,510,022

 

 

In October 2019, our board of directors authorized an $100.0 million common stock repurchase program. Under this stock repurchase program, we may repurchase shares in open market transactions, from time to time, in accordance with applicable SEC rules and federal securities laws. The stock repurchase program has no time limit and may be modified, suspended or terminated at any time by our board of directors.