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Stockholders’ Equity
3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Stockholders’ Equity
Stockholders’ Equity
Changes in stockholders’ equity for the three months ended March 31, 2019 and 2018 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 January 1, 2019
$
1

 
$
396

 
$
323,338

 
$
121,475

 
$
5,279,682

 
$
(948,961
)
 
$
(4,674,089
)
 
$
101,842

Net loss

 

 

 

 
(2,659
)
 

 

 
(2,659
)
Other comprehensive loss

 

 

 

 

 
30,889

 

 
30,889

Dividends paid ($0.05 per common share)

 

 

 

 
(9,408
)
 

 

 
(9,408
)
Issuance of common stock

 

 

 
(18,925
)
 

 

 
16,975

 
(1,950
)
Conversion to common stock

 
(8
)
 

 
(168
)
 

 

 
176

 

Stock-based compensation expense

 

 

 
6,784

 

 

 

 
6,784

Repurchase of common stock

 

 

 

 

 

 
(39,142
)
 
(39,142
)
Balance at March 31, 2019
$
1

 
$
388

 
$
323,338

 
$
109,166

 
$
5,267,615

 
$
(918,072
)
 
$
(4,696,080
)
 
$
86,356



 
Preferred
stock
 
Preference
stock
 
Common stock
 
Additional paid-in capital
 
Retained earnings
 
Accumulated other comprehensive loss
 
Treasury stock
 
Total equity
Balance at January 1, 2018
$
1

 
$
441

 
$
323,338

 
$
138,367

 
$
5,078,494

 
$
(794,478
)
 
$
(4,710,997
)
 
$
35,166

Cumulative effect of accounting change

 

 

 

 
(12,207
)
 

 

 
(12,207
)
Net income

 

 

 

 
59,970

 

 

 
59,970

Other comprehensive loss

 

 

 

 

 
19,877

 

 
19,877

Dividends paid ($0.1875 per common share)

 

 

 

 
(35,016
)
 

 

 
(35,016
)
Issuance of common stock

 

 

 
(21,607
)
 

 

 
18,198

 
(3,409
)
Conversion to common stock

 
(19
)
 

 
(386
)
 

 

 
405

 

Stock-based compensation expense

 

 

 
3,273

 

 

 

 
3,273

Balance at March 31, 2018
$
1

 
$
422

 
$
323,338

 
$
119,647

 
$
5,091,241

 
$
(774,601
)
 
$
(4,692,394
)
 
$
67,654