Statement of Changes in Equity

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Statement of Changes in Equity

STATEMENT OF CHANGES IN EQUITY

The following tables present the changes in total stockholders' equity during the three and six months ended June 30, 2021 (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 March 31, 2021	323,154	$	323	$	6,752,058	$	5,026,322	$	(5,385)	(199,778)	$	(11,523,626)	$	249,692
Shares issued under stock-based compensation plans	1,233	1		19		—		—		—	—		20
Stock-based compensation expense	—	—		81,931		—		—		—	—		81,931
Restricted shares turned in for tax withholding	—	—		—		—		—		(394)	(54,973)		(54,973)
Cash dividends declared ($0.37 per share)	—	—		—		(45,959)		—		—	—		(45,959)
Other	—	—		1,859		(1,859)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(630)		—	—		(630)
Net income	—	—		—		62,766		—		—	—		62,766
Balance at June 30, 2021	324,387	$	324	$	6,835,867	$	5,041,270	$	(6,015)	(200,172)	$	(11,578,599)	$	292,847

	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	2,195	2		18		—		—		—	—		20
Stock-based compensation expense	—	—		168,793		—		—		—	—		168,793
Common stock issued under employee stock purchase plan	228	—		25,757		—		—		—	—		25,757
Restricted shares turned in for tax withholding	—	—		—		—		—		(729)	(101,718)		(101,718)
Cash dividends declared ($0.37 per share)	—	—		—		(91,481)		—		—	—		(91,481)
Value of assumed equity awards related to pre-combination service	—	—		28,885		—		—		—	—		28,885
Other	—	—		4,396		(4,396)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(2,366)		—	—		(2,366)
Net income	—	—		—		152,814		—		—	—		152,814
Balance at June 30, 2021	324,387	$	324	$	6,835,867	$	5,041,270	$	(6,015)	(200,172)	$	(11,578,599)	$	292,847

The following tables present the changes in total stockholders' equity (deficit) during the three and six months ended June 30, 2020 (in thousands):

	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 March 31, 2020	320,437	$	320	$	6,125,589	$	4,794,964	$	(7,810)	(197,436)	$	(11,131,992)	$	(218,929)
Shares issued under stock-based compensation plans	773	1		(1)		—		—		—	—		—
Stock-based compensation expense	—	—		90,117		—		—		—	—		90,117
Restricted shares turned in for tax withholding	—	—		—		—		—		(257)	(35,813)		(35,813)
Cash dividends declared ($0.35 per share)	—	—		—		(43,222)		—		—	—		(43,222)
Other	—	—		1,133		(1,133)		—		—	—		—
Other comprehensive income, net of tax	—	—		—		—		1,345		—	—		1,345
Net income	—	—		—		112,906		—		—	—		112,906
Balance at June 30, 2020	321,210	$	321	$	6,216,838	$	4,863,515	$	(6,465)	(197,693)	$	(11,167,805)	$	(93,596)

	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	2,205	2		(2)		—		—		—	—		—
Stock-based compensation expense	—	—		143,685		—		—		—	—		143,685
Common stock issued under employee stock purchase plan	245	—		21,035		—		—		—	—		21,035
Stock repurchases, net	—	—		—		—		—		(1,732)	(199,903)		(199,903)
Restricted shares turned in for tax withholding	—	—		—		—		—		(740)	(101,156)		(101,156)
Cash dividends declared ($0.35 per share)	—	—		—		(86,062)		—		—	—		(86,062)
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	—	—		3,055		(3,055)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(1,338)		—	—		(1,338)
Net income	—	—		—		294,128		—		—	—		294,128
Balance at June 30, 2020	321,210	$	321	$	6,216,838	$	4,863,515	$	(6,465)	(197,693)	$	(11,167,805)	$	(93,596)

Cash Dividend

The following table provides information with respect to quarterly dividends on common stock during the six months ended June 30, 2021:

Declaration Date	Dividends per Share		Record Date	Payable Date
January 19, 2021	$	0.37	March 12, 2021	March 26, 2021
April 29, 2021	$	0.37	June 11, 2021	June 25, 2021

Subsequent Event

On July 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 September 24, 2021 to all shareholders of record as of the close of business on September 10, 2021.