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Consolidated Statements Of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock at Cost [Member]
Parent [Member]
Non-controlling Interests [Member]
Balance, beginning of period at Dec. 31, 2017   $ 150,000 $ 10,746 $ 1,733,348 $ 1,033,526 $ (26,736) $ (39,308)    
Common stock issued under employee plans     123       22,846    
Common stock repurchased $ (62,500)           (62,514)    
Common stock issued for acquisitions     297 110,374          
Unit amortization, net of forfeitures       77,350          
Net income 279,906       279,906        
Dividends declared, Common         (31,097)        
Dividends declared, Preferred         (7,031)        
Common stock issued under employee plans and related tax benefits       (52,922) (9,774)        
Other       8 1,130        
Dividends declared to equity-award holders       5,074          
Unrealized gains/(losses) on securities, net of tax (28,065) [1],[2],[3],[4]         (28,065)      
Unrealized gains/(losses) on cash flow hedging activities, net of tax           1,895      
Foreign currency translation adjustment, net of tax (3,434) [2],[4]         (3,433)      
Cumulative adjustments for accounting changes [5]         (1,124) (3,050)      
Balance, end of period at Sep. 30, 2018 3,161,569 150,000 11,166 1,873,232 1,265,536 (59,389) (78,976) $ 3,161,569  
Balance, beginning of period at Jun. 30, 2018   150,000 10,869 1,736,853 1,175,151 (53,393) (65,118)    
Common stock issued under employee plans             2,773    
Common stock repurchased (16,600)           (16,631)    
Common stock issued for acquisitions     297 110,374          
Unit amortization, net of forfeitures       27,752          
Net income 103,858       103,858        
Dividends declared, Common         (10,524)        
Dividends declared, Preferred         (2,343)        
Common stock issued under employee plans and related tax benefits       (3,516) (664)        
Other       45 58        
Dividends declared to equity-award holders       1,724          
Unrealized gains/(losses) on securities, net of tax (3,138) [1],[2],[3],[4]         (3,138)      
Unrealized gains/(losses) on cash flow hedging activities, net of tax           (1,523)      
Foreign currency translation adjustment, net of tax (1,336) [2],[4]         (1,335)      
Balance, end of period at Sep. 30, 2018 3,161,569 150,000 11,166 1,873,232 1,265,536 (59,389) (78,976) 3,161,569  
Balance, beginning of period at Dec. 31, 2018 3,197,593 150,000 11,166 1,893,304 1,366,503 (72,523) (180,857)   $ 30,000
Common stock issued under employee plans             71,793    
Common stock repurchased (180,400)           (180,434)    
Unit amortization, net of forfeitures       86,388          
Net income 317,706       319,318       1,612
Dividends declared, Common         (38,249)        
Dividends declared, Preferred         (12,476)        
Common stock issued under employee plans and related tax benefits       (84,902) (18,770)        
Issuance of preferred stock   160,000   (5,012)          
Other       37 (1,296)        
Unrealized gains/(losses) on securities, net of tax 58,428 [1],[2],[3],[4]         58,428      
Unrealized gains/(losses) on cash flow hedging activities, net of tax           (4,260)      
Foreign currency translation adjustment, net of tax (5,239) [2],[4]         (5,239)      
Cumulative adjustments for accounting changes [5]         (11,204)        
Capital contributions from non-controlling interest holders                 26,800
Distributions to non-controlling interest holders                 (2,379)
Balance, end of period at Sep. 30, 2019 3,557,748 310,000 11,166 1,889,815 1,603,826 (23,594) (289,498) 3,501,715 56,033
Balance, beginning of period at Jun. 30, 2019   310,000 11,166 1,867,209 1,512,702 (35,355) (236,596)   56,296
Common stock issued under employee plans             2,566    
Common stock repurchased (55,500)           (55,468)    
Unit amortization, net of forfeitures       26,300          
Net income 109,414       110,122       708
Dividends declared, Common         (12,572)        
Dividends declared, Preferred         (4,844)        
Common stock issued under employee plans and related tax benefits       (3,708) (478)        
Other       14 (709)        
Unrealized gains/(losses) on securities, net of tax 16,344 [1],[2],[3],[4]         16,344      
Unrealized gains/(losses) on cash flow hedging activities, net of tax           (477)      
Foreign currency translation adjustment, net of tax (4,106) [2],[4]         (4,106)      
Cumulative adjustments for accounting changes [6]         (395)        
Distributions to non-controlling interest holders                 (971)
Balance, end of period at Sep. 30, 2019 $ 3,557,748 $ 310,000 $ 11,166 $ 1,889,815 $ 1,603,826 $ (23,594) $ (289,498) $ 3,501,715 $ 56,033
[1] As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to accumulated other comprehensive income of $17.9 million. See Notes 2 and 6 for additional information on the transfer.
[2] Net of tax expense of $4.4 million and tax benefit of $2.1 million for the three months ended September 30, 2019 and 2018, respectively. Net of tax expense of $18.1 million and tax benefit of $10.4 million for the nine months ended September 30, 2019 and 2018, respectively.
[3] Reclassifications to earnings during the three months ended September 30, 2019 were immaterial. Net of reclassifications to earnings of realized losses of $0.2 million for the nine months ended September 30, 2019. There were no reclassifications to earnings during the three and nine months ended September 30, 2018.
[4] The adoption of ASU 2018-02 on January 1, 2018 resulted in a reclassification of $3.0 million to retained earnings related to cash flow hedges and investment portfolio risk.
[5] Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates during 2019 and 2018. See Note 2 to the consolidated financial statements for further information. The 2018 adjustments are described further in Note 2 to the consolidated financial statements in our 2018 Form 10-K.
[6] Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates during 2019. See Note 2 to the consolidated financial statements for further information.