| Schedule of stockholders equity |
A summary of changes in shareholders’ equity is presented below (in thousands):
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Nine Months Ended September 30, 2015 |
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|
(In thousands) |
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|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2014 |
|
39,147 |
|
|
$ |
391 |
|
|
$ |
538,788 |
|
|
$ |
570,310 |
|
|
$ |
1,109,489 |
|
Net earnings |
|
— |
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|
— |
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|
— |
|
|
75,841 |
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|
75,841 |
|
Exercise/vesting of equity awards |
|
519 |
|
|
6 |
|
|
2,875 |
|
|
— |
|
|
2,881 |
|
Excess income tax benefit from stock-based awards |
|
— |
|
|
— |
|
|
2,040 |
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|
— |
|
|
2,040 |
|
Equity award compensation expense |
|
— |
|
|
— |
|
|
12,418 |
|
|
— |
|
|
12,418 |
|
Balance at September 30, 2015 |
|
39,666 |
|
|
$ |
397 |
|
|
$ |
556,121 |
|
|
$ |
646,151 |
|
|
$ |
1,202,669 |
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|
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Nine Months Ended September 30, 2014 |
|
|
(In thousands) |
|
|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2013 |
|
36,244 |
|
|
$ |
362 |
|
|
$ |
412,961 |
|
|
$ |
428,069 |
|
|
$ |
841,392 |
|
Net earnings |
|
— |
|
|
— |
|
|
— |
|
|
93,033 |
|
|
93,033 |
|
Exercise/vesting of equity awards |
|
351 |
|
|
4 |
|
|
730 |
|
|
— |
|
|
734 |
|
Excess income tax benefit from stock-based awards |
|
— |
|
|
— |
|
|
2,197 |
|
|
— |
|
|
2,197 |
|
Equity award compensation expense |
|
— |
|
|
— |
|
|
9,035 |
|
|
— |
|
|
9,035 |
|
Issuance of stock (1) |
|
2,530 |
|
|
25 |
|
|
110,395 |
|
|
— |
|
|
110,420 |
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Other |
|
— |
|
|
— |
|
|
(114 |
) |
|
— |
|
|
(114 |
) |
Balance at September 30, 2014 |
|
39,125 |
|
|
$ |
391 |
|
|
$ |
535,204 |
|
|
$ |
521,102 |
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|
$ |
1,056,697 |
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(1) |
In January 2014, we issued 2,530,000 shares of common stock in a secondary public offering, par value $0.01 per share, at a price of $45.75 per share.
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