Statement of Changes in Equity

9 Months Ended

Sep. 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 nine months ended September 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 June 30, 2021	324,387	$	324	$	6,835,867	$	5,041,270	$	(6,015)	(200,172)	$	(11,578,599)	$	292,847
Shares issued under stock-based compensation plans	152	—		212		—		—		—	—		212
Stock-based compensation expense	—	—		80,808		—		—		—	—		80,808
Common stock issued under employee stock purchase plan	286	1		24,465		—		—		—	—		24,466
Restricted shares turned in for tax withholding	—	—		—		—		—		(32)	(3,425)		(3,425)
Cash dividends declared ($0.37 per share)	—	—		—		(46,109)		—		—	—		(46,109)
Other	—	—		1,495		(1,495)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(847)		—	—		(847)
Net income	—	—		—		51,787		—		—	—		51,787
Balance at September 30, 2021	324,825	$	325	$	6,942,847	$	5,045,453	$	(6,862)	(200,204)	$	(11,582,024)	$	399,739

	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	2,347	2		231		—		—		—	—		233
Stock-based compensation expense	—	—		249,601		—		—		—	—		249,601
Common stock issued under employee stock purchase plan	514	1		50,221		—		—		—	—		50,222
Restricted shares turned in for tax withholding	—	—		—		—		—		(761)	(105,143)		(105,143)
Cash dividends declared ($0.37 per share)	—	—		—		(137,590)		—		—	—		(137,590)
Value of assumed equity awards related to pre-combination service	—	—		28,885		—		—		—	—		28,885
Other	—	—		5,891		(5,891)		—		—	—		—
Other comprehensive loss, net of tax	—	—		—		—		(3,213)		—	—		(3,213)
Net income	—	—		—		204,601		—		—	—		204,601
Balance at September 30, 2021	324,825	$	325	$	6,942,847	$	5,045,453	$	(6,862)	(200,204)	$	(11,582,024)	$	399,739

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

	Common Stock			Additional Paid In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Common Stock in Treasury			Total (Deficit) Equity
	Shares	Amount								Shares	Amount
Balance at June 30, 2020	321,210	$	321	$	6,216,838	$	4,863,515	$	(6,465)	(197,693)	$	(11,167,805)	$	(93,596)
Shares issued under stock-based compensation plans	109	—		—		—		—		—	—		—
Stock-based compensation expense	—	—		85,169		—		—		—	—		85,169
Common stock issued under employee stock purchase plan	238	1		23,599		—		—		—	—		23,600
Restricted shares turned in for tax withholding	—	—		—		—		—		(26)	(3,692)		(3,692)
Cash dividends declared ($0.35 per share)	—	—		—		(43,046)		—		—	—		(43,046)
Accelerated stock repurchase program	—	—		200,000		—		—		(849)	(200,000)		—
Other	—	—		1,756		(1,756)		—		—	—		—
Other comprehensive income, net of tax	—	—		—		—		2,138		—	—		2,138
Net income	—	—		—		98,227		—		—	—		98,227
Balance at September 30, 2020	321,557	$	322	$	6,527,362	$	4,916,940	$	(4,327)	(198,568)	$	(11,371,497)	$	68,800

	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, 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	2,314	2		(2)		—		—		—	—		—
Stock-based compensation expense	—	—		228,854		—		—		—	—		228,854
Common stock issued under employee stock purchase plan	483	1		44,634		—		—		—	—		44,635
Stock repurchases, net	—	—		—		—		—		(1,732)	(199,903)		(199,903)
Restricted shares turned in for tax withholding	—	—		—		—		—		(765)	(104,848)		(104,848)
Cash dividends declared ($0.35 per share)	—	—		—		(129,108)		—		—	—		(129,108)
Accelerated stock repurchase program	—	—		—		—		—		(7,378)	(1,000,000)		(1,000,000)
Cumulative-effect adjustment from adoption of accounting standard	—	—		—		(1,641)		—		—	—		(1,641)
Other	—	—		4,811		(4,811)		—		—	—		—
Other comprehensive income, net of tax	—	—		—		—		800		—	—		800
Net income	—	—		—		392,355		—		—	—		392,355
Balance at September 30, 2020	321,557	$	322	$	6,527,362	$	4,916,940	$	(4,327)	(198,568)	$	(11,371,497)	$	68,800

Cash Dividend

The following table provides information with respect to quarterly dividends on common stock during the nine months ended September 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
July 29, 2021	$	0.37	September 10, 2021	September 24, 2021

Subsequent Event

On November 4, 2021, the Company announced that its Board of Directors approved a quarterly cash dividend of $0.37 per share which will be paid on December 21, 2021 to all shareholders of record as of the close of business on December 7, 2021.