Equity

A summary of the changes in equity was as follows:



Six Months Ended June 30, 2017	Total Equity
	(In thousands)
Balance at December 31, 2016	$	2,316,244
Net income	78,539
Other comprehensive loss	(56		)
Dividends declared on preferred stocks	(171		)
Dividends declared on common stock	(75,192		)
Stock-based compensation	1,629
Repurchase of common stock	(1,684		)
Issuance of common stock upon vesting of stock-based compensation, net of shares used for tax withholdings	(757		)
Redemption of preferred stock	(15,600		)
Balance at June 30, 2017	$	2,302,952

Effective April 1, 2017, all outstanding preferred stock, including $300,000 of redeemable preferred stock classified as long-term debt, was redeemed for a repurchase price of approximately $15.9 million.



Six Months Ended June 30, 2016	Total Stockholders' Equity			Noncontrolling Interest			Total Equity
	(In thousands)
Balance at December 31, 2015	$	2,396,505		$	124,043		$	2,520,548
Net loss	(84,283		)	(131,691		)	(215,974		)
Other comprehensive loss	(1,058		)	—			(1,058		)
Dividends declared on preferred stocks	(343		)	—			(343		)
Dividends declared on common stock	(73,239		)	—			(73,239		)
Stock-based compensation	2,015			—			2,015
Issuance of common stock upon vesting of stock-based compensation, net of shares used for tax withholdings	(323		)	—			(323		)
Net tax deficit on stock-based compensation	(1,664		)	—			(1,664		)
Contribution from noncontrolling interest	—			7,648			7,648
Balance at June 30, 2016	$	2,237,610		$	—		$	2,237,610