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Stockholders’ Equity
6 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]  
Stockholders’ Equity
Stockholders’ Equity
Changes in stockholders’ equity for the six months ended June 30, 2018 and 2017 were as follows:
 
Preferred
stock
 
Preference
stock
 
Common stock
 
Additional paid-in capital
 
Retained earnings
 
Accumulated other comprehensive loss
 
Treasury stock
 
Total equity
Balance at December 31, 2017
$
1

 
$
441

 
$
323,338

 
$
138,367

 
$
5,229,584

 
$
(792,173
)
 
$
(4,710,997
)
 
$
188,561

Cumulative effect of accounting changes

 

 

 

 
(12,207
)
 

 

 
(12,207
)
Net income

 

 

 

 
101,727

 

 

 
101,727

Other comprehensive income

 

 

 

 

 
(18,078
)
 

 
(18,078
)
Dividends paid

 

 

 

 
(70,113
)
 

 

 
(70,113
)
Issuance of common stock

 

 

 
(24,267
)
 

 

 
21,141

 
(3,126
)
Conversion to common stock

 
(26
)
 

 
(521
)
 

 

 
547

 

Stock-based compensation expense

 

 

 
9,153

 

 

 

 
9,153

Balance at June 30, 2018
$
1

 
$
415

 
$
323,338

 
$
122,732

 
$
5,248,991

 
$
(810,251
)
 
$
(4,689,309
)
 
$
195,917



 
Preferred
stock
 
Preference
stock
 
Common stock
 
Additional paid-in capital
 
Retained earnings
 
Accumulated other comprehensive loss
 
Treasury stock
 
Total (deficit) equity
Balance at December 31, 2016
$
1

 
$
483

 
$
323,338

 
$
148,125

 
$
5,107,734

 
$
(940,133
)
 
$
(4,743,208
)
 
$
(103,660
)
Net income

 

 

 

 
114,034

 

 

 
114,034

Other comprehensive loss

 

 

 

 

 
80,818

 

 
80,818

Dividends paid

 

 

 

 
(69,527
)
 

 

 
(69,527
)
Issuance of common stock

 

 

 
(28,567
)
 

 

 
23,744

 
(4,823
)
Conversion to common stock

 
(20
)
 

 
(398
)
 

 

 
418

 

Stock-based compensation expense

 

 

 
12,531

 

 

 

 
12,531

Balance at June 30, 2017
$
1

 
$
463

 
$
323,338

 
$
131,691

 
$
5,152,241

 
$
(859,315
)
 
$
(4,719,046
)
 
$
29,373