Statement of Changes in Equity

9 Months Ended

Sep. 30, 2019

STATEMENT OF CHANGES IN EQUITY

The following tables presents the changes in total stockholders' equity during the three and nine months ended September 30, 2019 (in thousands):



	Common Stock			Additional Paid In Capital		Retained Earnings			Accumulated Other Comprehensive Loss			Common Stock in Treasury					Total Equity
	Shares	Amount		Additional Paid In Capital		Retained Earnings			Accumulated Other Comprehensive Loss			Shares		Amount			Total Equity
Balance at June 30, 2019	316,969	$	317	$	6,078,960	$	4,277,586		$	(4,610	)	(186,486	)	$	(9,844,231	)	$	508,022
Shares issued under stock-based compensation plans	123	—		—		—			—			—		—			—
Stock-based compensation expense	—	—		68,969		—			—			—		—			68,969
Common stock issued under employee stock purchase plan	255	1		20,454		—			—			—		—			20,455
Stock repurchases, net	—	—		—		—			—			(1,130	)	(103,905		)	(103,905		)
Restricted shares turned in for tax withholding	—	—		—		—			—			(45	)	(4,242		)	(4,242		)
Cash dividends declared	—	—		—		(45,373		)	—			—		—			(45,373		)
Settlement of warrants	202	—		—		—			—			—		—			—
Other	—	—		2,194		(2,194		)	—			—		—			—
Other comprehensive loss, net of tax	—	—		—					(1,872		)	—		—			(1,872		)
Net income	—	—		—		270,857			—			—		—			270,857
Balance at September 30, 2019	317,549	$	318	$	6,170,577	$	4,500,876		$	(6,482	)	(187,661	)	(9,952,378		)	$	712,911



	Common Stock				Additional Paid In Capital			Retained Earnings			Accumulated Other Comprehensive loss			Common Stock in Treasury					Total Equity
	Shares		Amount		Additional Paid In Capital			Retained Earnings			Accumulated Other Comprehensive loss			Shares		Amount			Total Equity
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	2,167		2		(2		)	—			—			—		—			—
Stock-based compensation expense	—		—		202,523			—			—			—		—			202,523
Temporary equity reclassification	—		—		8,110			—			—			—		—			8,110
Common stock issued under employee stock purchase plan	471		1		39,470			—			—			—		—			39,471
Stock repurchases, net	—		—		—			—			—			(3,641	)	(353,904		)	(353,904		)
Restricted shares turned in for tax withholding	—		—		—			—			—			(743	)	(74,794		)	(74,794		)
Cash dividends declared	—		—		—			(137,224		)	—			—		—			(137,224		)
Settlement of convertible notes and hedges	4,950		5		509,519			—			—			(4,950	)	(509,524		)	—
Settlement of warrants	202		—		—			—			—			—		—			—
Cumulative-effect adjustment from adoption of accounting standard	—		—		—			838			—			—		—			838
Other	(2	)	—		6,457			(6,457		)	—			—		—			—
Other comprehensive income, net of tax	—		—		—			—			1,672			—		—			1,672
Net income	—		—		—			474,700			—			—		—			474,700
Balance at September 30, 2019	317,549		$	318	$	6,170,577		$	4,500,876		$	(6,482	)	(187,661	)	$	(9,952,378	)	$	712,911

The following tables presents the changes in total stockholders' equity during the three and nine months ended September 30, 2018 (in thousands):



	Common Stock			Additional Paid In Capital		Retained Earnings		Accumulated Other Comprehensive loss			Common Stock in Treasury					Total Equity
	Shares	Amount		Additional Paid In Capital		Retained Earnings		Accumulated Other Comprehensive loss			Shares		Amount			Total Equity
Balance at June 30, 2018	307,662	$	308	$	5,116,339	$	3,893,354	$	(18,718	)	(172,244	)	$	(8,355,107	)	$	636,176
Shares issued under stock-based compensation plans	110	—		50		—		—			—		—			50
Stock-based compensation expense	—	—		52,739		—		—			—		—			52,739
Temporary equity reclassification	—	—		8,796		—		—			—		—			8,796
Common stock issued under employee stock purchase plan	209	—		16,004		—		—			—		—			16,004
Stock repurchases, net	—	—		—		—		—			(1,046	)	(116,175		)	(116,175		)
Restricted shares turned in for tax withholding	—	—		—		—		—			(32	)	(3,654		)	(3,654		)
Other comprehensive income, net of tax	—	—		—		—		427			—		—			427
Net income	—	—		—		158,857		—			—		—			158,857
Balance at September 30, 2018	307,981	$	308	$	5,193,928	$	4,052,211	$	(18,291	)	(173,322	)	$	(8,474,936	)	$	753,220



	Common Stock			Additional Paid In Capital			Retained Earnings		Accumulated Other Comprehensive loss			Common Stock in Treasury					Total Equity
	Shares	Amount		Additional Paid In Capital			Retained Earnings		Accumulated Other Comprehensive loss			Shares		Amount			Total Equity
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	1,769	2		162			—		—			—		—			164
Stock-based compensation expense	—	—		145,920			—		—			—		—			145,920
Temporary equity reclassification	—	—		(19,286		)	—		—			—		—			(19,286		)
Common stock issued under employee stock purchase plan	461	—		33,462			—		—			—		—			33,462
Stock repurchases, net	—	—		150,000			—		—			(10,708	)	(1,031,154		)	(881,154		)
Restricted shares turned in for tax withholding	—	—		—			—		—			(570	)	(53,589		)	(53,589		)
Cumulative-effect adjustment from adoption of accounting standards	—	—		—			132,778		—			—		—			132,778
Other comprehensive loss, net of tax	—	—		—			—		(7,485		)	—		—			(7,485		)
Net income	—	—		—			409,949		—			—		—			409,949
Balance at September 30, 2018	307,981	$	308	$	5,193,928		$	4,052,211	$	(18,291	)	(173,322	)	$	(8,474,936	)	$	753,220

Cash Dividend

The following table provides information with respect to quarterly dividends on common stock during the nine months ended September 30, 2019.



Declaration Date	Dividends per Share		Record Date	Payable Date
January 23, 2019	$	0.35	March 8, 2019	March 22, 2019
April 24, 2019	$	0.35	June 7, 2019	June 21, 2019
July 24, 2019	$	0.35	September 6, 2019	September 20, 2019

Subsequent Event

On October 24, 2019 the Company announced that its Board of Directors approved a quarterly cash dividend of $0.35 per share which will be paid on December 20, 2019 to all shareholders of record as of the close of business on December 6, 2019.