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Statement of Changes in Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Statement of Changes in Equity
STATEMENT OF CHANGES IN EQUITY

The following tables presents the changes in total stockholders' equity during the three months ended March 31, 2019 and March 31, 2018 (in thousands):

 
Common Stock
 
Additional
Paid In Capital
 
Retained
Earnings
 
Accumulated Other
Comprehensive
loss
 
Common Stock
in Treasury
 
 
Total
Equity
 
Shares
 
Amount
 
Shares
 
Amount
 
 
Balance at December 31, 2018
309,761

 
$
310

 
$
5,404,500

 
$
4,169,019

 
$
(8,154
)
 
(178,327
)
 
$
(9,014,156
)
 
 
$
551,519

Shares issued under stock-based compensation plans
1,755

 
2

 
(2
)
 

 

 

 

 
 

Stock-based compensation expense

 

 
63,475

 

 

 

 

 
 
63,475

Temporary equity reclassification

 

 
6,947

 

 

 

 

 
 
6,947

Common stock issued under employee stock purchase plan
216

 

 
19,015

 

 

 

 

 
 
19,015

Stock repurchases, net

 

 

 

 

 
(911
)
 
(93,805
)
 
 
(93,805
)
Restricted shares turned in for tax withholding

 

 

 

 

 
(594
)
 
(60,106
)
 
 
(60,106
)
Cash dividends declared

 

 

 
(46,024
)
 

 

 

 
 
(46,024
)
Cumulative-effect adjustment from adoption of accounting standards

 

 

 
838

 

 

 

 
 
838

Other

 

 
2,000

 
(2,000
)
 

 

 

 
 

Other comprehensive income, net of tax

 

 

 

 
2,671

 

 

 
 
2,671

Net income

 

 

 
110,348

 

 

 

 
 
110,348

Balance at March 31, 2019
311,732

 
$
312

 
$
5,495,935

 
$
4,232,181

 
$
(5,483
)
 
(179,832
)
 
$
(9,168,067
)
 
 
$
554,878


 
Common Stock
 
Additional
Paid In Capital
 
Retained
Earnings
 
Accumulated Other
Comprehensive
loss
 
Common Stock
in Treasury
 
 
Total
Equity
 
Shares
 
Amount
 
Shares
 
Amount
 
 
Balance at December 31, 2017
305,751

 
$
306

 
$
4,883,670

 
$
3,509,484

 
$
(10,806
)
 
(162,044
)
 
$
(7,390,193
)
 
 
$
992,461

Shares issued under stock-based compensation plans
1,572

 
2

 
68

 

 

 

 

 
 
70

Stock-based compensation expense

 

 
35,723

 

 

 

 

 
 
35,723

Common stock issued under employee stock purchase plan
252

 

 
17,457

 

 

 

 

 
 
17,457

Accelerated stock repurchase program

 

 

 

 

 
(7,880
)
 
(750,000
)
 
 
(750,000
)
Restricted shares turned in for tax withholding

 

 

 

 

 
(507
)
 
(46,917
)
 
 
(46,917
)
Cumulative-effect adjustment from adoption of accounting standard

 

 

 
132,778

 

 

 

 
 
132,778

Other comprehensive loss, net of tax

 

 

 

 
(4,068
)
 

 

 
 
(4,068
)
Other

 

 
1,615

 

 

 

 

 
 
1,615

Net income

 

 

 
144,259

 

 

 

 
 
144,259

Balance at March 31, 2018
307,575

 
$
308

 
$
4,938,533

 
$
3,786,521

 
$
(14,874
)
 
(170,431
)
 
$
(8,187,110
)
 
 
$
523,378


Cash Dividend
On January 23, 2019 the Company announced that its Board of Directors approved a quarterly cash dividend of $0.35 per share which was paid on March 22, 2019 to all shareholders of record as of the close of business on March 8, 2019.
Subsequent Event
On April 24, 2019, the Company announced that its Board of Directors approved a quarterly cash dividend of $0.35 per share. This dividend is payable on June 21, 2019 to all shareholders of record as of the close of business on June 7, 2019. Future dividends will be subject to Board approval.