| Summary of Changes in Shareholders' 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
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2017 |
|
40,331 |
|
|
$ |
403 |
|
|
$ |
584,578 |
|
|
$ |
991,844 |
|
|
$ |
1,576,825 |
|
Adoption of ASU 2014-09 (1)
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|
— |
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— |
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|
— |
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|
(583 |
) |
|
(583 |
) |
Net earnings |
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— |
|
|
— |
|
|
— |
|
|
43,874 |
|
|
43,874 |
|
Exercise/vesting of stock-based awards |
|
301 |
|
|
3 |
|
|
(3 |
) |
|
— |
|
|
— |
|
Stock-based compensation expense |
|
— |
|
|
— |
|
|
5,216 |
|
|
— |
|
|
5,216 |
|
Balance at March 31, 2018 |
|
40,632 |
|
|
$ |
406 |
|
|
$ |
589,791 |
|
|
$ |
1,035,135 |
|
|
$ |
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 |
|
|
(In thousands) |
|
|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2016 |
|
40,031 |
|
|
$ |
400 |
|
|
$ |
572,506 |
|
|
$ |
848,589 |
|
|
$ |
1,421,495 |
|
Net earnings |
|
— |
|
|
— |
|
|
— |
|
|
23,572 |
|
|
23,572 |
|
Exercise/vesting of stock-based awards |
|
283 |
|
|
3 |
|
|
(3 |
) |
|
— |
|
|
— |
|
Excess income tax benefit from stock-based awards |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Stock-based compensation expense |
|
— |
|
|
— |
|
|
3,298 |
|
|
— |
|
|
3,298 |
|
Balance at March 31, 2017 |
|
40,314 |
|
|
$ |
403 |
|
|
$ |
575,801 |
|
|
$ |
872,161 |
|
|
$ |
1,448,365 |
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