STOCKHOLDERS' EQUITY |
STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands):
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Three Months Ended March 31, 2020 |
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(In thousands) |
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Number of Shares |
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Common Stock |
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Additional Paid-In Capital |
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Retained Earnings |
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Total |
Balance at December 31, 2019 |
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38,199 |
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$ |
382 |
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$ |
505,352 |
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$ |
1,468,256 |
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$ |
1,973,990 |
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Net earnings |
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— |
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— |
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— |
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71,152 |
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71,152 |
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Stock-based compensation expense |
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— |
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— |
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6,437 |
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— |
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6,437 |
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Issuance of stock |
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398 |
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4 |
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(4) |
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— |
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— |
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Share repurchases |
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(1,000) |
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(10) |
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(60,803) |
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— |
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(60,813) |
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Balance at March 31, 2020 |
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37,597 |
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$ |
376 |
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$ |
450,982 |
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$ |
1,539,408 |
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$ |
1,990,766 |
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Three Months Ended March 31, 2019 |
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(In thousands) |
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Number of Shares |
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Common Stock |
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Additional Paid-In Capital |
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Retained Earnings |
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Total |
Balance at December 31, 2018 |
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38,073 |
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$ |
381 |
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$ |
501,781 |
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$ |
1,218,593 |
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$ |
1,720,755 |
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Net earnings |
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— |
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— |
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— |
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25,412 |
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25,412 |
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Stock-based compensation expense |
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— |
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— |
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5,861 |
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— |
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5,861 |
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Issuance of stock |
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400 |
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4 |
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(4) |
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— |
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— |
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Share repurchases |
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(209) |
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(2) |
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(8,955) |
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— |
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(8,957) |
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Balance at March 31, 2019 |
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38,264 |
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$ |
383 |
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$ |
498,683 |
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$ |
1,244,005 |
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$ |
1,743,071 |
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