| 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, 2018 |
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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, 2017 |
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40,331 |
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|
$ |
403 |
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|
$ |
584,578 |
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$ |
991,844 |
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$ |
1,576,825 |
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Adoption of ASU 2014-09 (1)
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— |
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— |
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— |
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(583 |
) |
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(583 |
) |
Net earnings |
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— |
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— |
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— |
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43,874 |
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|
43,874 |
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Exercise/vesting of stock-based awards |
|
301 |
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3 |
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(3 |
) |
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— |
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— |
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Stock-based compensation expense |
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— |
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— |
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5,216 |
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— |
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|
5,216 |
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Balance at March 31, 2018 |
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40,632 |
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$ |
406 |
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$ |
589,791 |
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$ |
1,035,135 |
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$ |
1,625,332 |
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(1) |
Refer to Note 1 for additional information related to the adoption of ASU 2014-09. |
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Three Months Ended March 31, 2017 |
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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, 2016 |
|
40,031 |
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|
$ |
400 |
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|
$ |
572,506 |
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$ |
848,589 |
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$ |
1,421,495 |
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Net earnings |
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— |
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— |
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— |
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|
23,572 |
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|
23,572 |
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Exercise/vesting of stock-based awards |
|
283 |
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|
3 |
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(3 |
) |
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— |
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— |
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Excess income tax benefit from stock-based awards |
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— |
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— |
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— |
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— |
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— |
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Stock-based compensation expense |
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— |
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— |
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3,298 |
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— |
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|
3,298 |
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Balance at March 31, 2017 |
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40,314 |
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$ |
403 |
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$ |
575,801 |
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$ |
872,161 |
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$ |
1,448,365 |
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