Statement of Changes in Equity

3 Months Ended

Mar. 31, 2021

STATEMENT OF CHANGES IN EQUITY

The following tables present the changes in total stockholders' equity (deficit) during the three months ended March 31, 2021 and 2020 (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, 2020	321,964	$	322	$	6,608,018	$	4,984,333	$	(3,649)	(199,443)	$	(11,476,881)	$	112,143
Shares issued under stock-based compensation plans	962	1		(1)		—		—		—	—		—
Stock-based compensation expense	—	—		86,862		—		—		—	—		86,862
Common stock issued under employee stock purchase plan	228	—		25,757		—		—		—	—		25,757

Restricted shares turned in for tax withholding	—	—		—		—		—		(335)	(46,745)		(46,745)
Cash dividends declared ($0.37 per share)	—	—		—		(45,522)		—		—	—		(45,522)


Value of assumed equity awards related to pre-combination service	—	—		28,885		—		—		—	—		28,885
Other	—	—		2,537		(2,537)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(1,736)		—	—		(1,736)
Net income	—	—		—		90,048		—		—	—		90,048
Balance at March 31, 2021	323,154	$	323	$	6,752,058	$	5,026,322	$	(5,385)	(199,778)	$	(11,523,626)	$	249,692


	Common Stock			Additional Paid In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Common Stock in Treasury			Total Equity (Deficit)
	Shares	Amount								Shares	Amount
Balance at December 31, 2019	318,760	$	319	$	6,249,065	$	4,660,145	$	(5,127)	(188,693)	$	(10,066,746)	$	837,656
Shares issued under stock-based compensation plans	1,432	1		(1)		—		—		—	—		—
Stock-based compensation expense	—	—		53,568		—		—		—	—		53,568

Common stock issued under employee stock purchase plan	245	—		21,034		—		—		—	—		21,034
Stock repurchases, net	—	—		—		—		—		(1,732)	(199,903)		(199,903)
Restricted shares turned in for tax withholding	—	—		—		—		—		(483)	(65,343)		(65,343)

Cash dividends declared ($0.35 per share)	—	—		—		(42,839)		—		—	—		(42,839)
Accelerated stock repurchase program	—	—		(200,000)		—		—		(6,528)	(800,000)		(1,000,000)


Cumulative-effect adjustment from adoption of accounting standard	—	—		—		(1,641)		—		—	—		(1,641)
Other	—	—		1,923		(1,923)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(2,683)		—	—		(2,683)
Net income	—	—		—		181,222		—		—	—		181,222
Balance at March 31, 2020	320,437	$	320	$	6,125,589	$	4,794,964	$	(7,810)	(197,436)	$	(11,131,992)	$	(218,929)

Cash Dividend

The following table provides information with respect to quarterly dividends on common stock during the three months ended March 31, 2021:

Declaration Date

Dividends per Share

Record Date

Payable Date

January 19, 2021

0.37

March 12, 2021

March 26, 2021

Subsequent Event

On April 29, 2021, the Company announced that its Board of Directors approved a quarterly cash dividend of $0.37 per share which will be paid on June 25, 2021 to all shareholders of record as of the close of business on June 11, 2021.