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Equity | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Equity | Note 11 – Equity Share Activity The Company’s share repurchase programs provide for the repurchase of shares of MasTec common stock from time to time in open market transactions or in privately negotiated transactions in accordance with applicable securities laws. The timing and the amount of any repurchases is determined based on market conditions, legal requirements, cash flow and liquidity needs and other factors. The Company’s share repurchase programs do not have an expiration date and may be modified or suspended at any time at the Company’s discretion. Share repurchases, which are recorded at cost and are held in the Company’s treasury, are funded with available cash or with availability under the Credit Facility. The Company may use either authorized and unissued shares or treasury shares to meet share issuance requirements. Treasury stock is recorded at cost. For the year ended December 31, 2020, the Company repurchased 3.6 million shares of its common stock, substantially all of which were repurchased in the first quarter, for an aggregate purchase price totaling approximately $120.2 million. Of the total repurchased shares, 0.6 million were repurchased for $28.8 million under a $150 million share repurchase program that was established in September 2018 and completed in the first quarter of 2020, and 3.0 million were repurchased for $91.4 million under the Company’s December 2018 $100 million share repurchase program. For the year ended December 31, 2019, share repurchases, which were completed under the Company’s September 2018 $150 million share repurchase program, totaled approximately $0.6 million. During the year ended December 31, 2018, the Company repurchased approximately 7.2 million shares of its common stock for an aggregate purchase price of $319.0 million. Of the total repurchased shares, 2.9 million were repurchased for $120.6 million under the Company’s September 2018 $150 million share repurchase program, 2.0 million were repurchased for $98.4 million under a $100 million share repurchase program that was established in 2016 and completed in 2018 and 2.3 million were repurchased under the Company’s March 2018 $100 million share repurchase program, which also was completed in 2018. As of December 31, 2020, $158.6 million was available for future share repurchases under all of the Company’s open share repurchase programs, which included $8.6 million under the Company’s December 2018 share repurchase program, and the full amount of the Company’s March 2020 $150 million share repurchase program. Accumulated Other Comprehensive Loss A rollforward of activity within accumulated other comprehensive income (loss) for the periods indicated was as follows (in thousands):
|  | For the Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | Foreign Currency |  | Other |  | Total |  | Foreign Currency |  | Other |  | Total |  | Foreign Currency |  | Other |  | Total
Balance as of January 1 |  | $ | (65,685) |  |  | $ | (10,021) |  |  | $ | (75,706) |  |  | $ | (65,496) |  |  | $ | 5,002 |  |  | $ | (60,494) |  |  | $ | (62,851) |  |  | $ | (861) |  |  | $ | (63,712) |
Unrealized gains (losses), net of tax |  | 1,413 |  |  | (17,151) |  |  | (15,738) |  |  | (189) |  |  | (15,023) |  |  | (15,212) |  |  | (2,645) |  |  | 5,863 |  |  | 3,218 |
Balance as of December 31 |  | $ | (64,272) |  |  | $ | (27,172) |  |  | $ | (91,444) |  |  | $ | (65,685) |  |  | $ | (10,021) |  |  | $ | (75,706) |  |  | $ | (65,496) |  |  | $ | 5,002 |  |  | $ | (60,494) |
Unrealized foreign currency translation activity, net, for the three years in the period ended December 31, 2020 relates to the Company’s operations in Canada and Mexico. For the year ended December 31, 2020, unrealized investment activity, net, includes unrealized losses on the Waha JV swaps, offset, in part, by unrealized gains on the AVCT convertible debentures. Unrealized investment activity, net, for the years ended December 31, 2019 and 2018 relates to the Waha JV swaps. See Note 4 - Fair Value of Financial Instruments for additional information pertaining to the Waha JV swaps and AVCT convertible debentures.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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