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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative effect adoption adjustment | Common Stock | Preferred Stock | Capital surplus | Retained earnings | Retained earnings Cumulative effect adoption adjustment | Treasury stock | Accumulated other comprehensive income (loss)
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning Balance at Dec. 31, 2018 |  | $ 5,435,057 | $ 4,905 | $ 1,043 | $ 50,160 | $ 4,365,606 | $ 1,651,731 | $ 4,905 | $ (205,509) | $ (427,974)
Increase Decrease In Stockholders Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |
Net income |  | 504,350 |  |  |  |  | 504,350 |  |  |
Issuance of stock |  | 2,633 |  | 1 |  | 2,632 |  |  |  |
Dividends declared: |  |  |  |  |  |  |  |  |  |
Common stock | [1] | (86,996) |  |  |  |  | (86,996) |  |  |
Preferred stock |  | (2,792) |  |  |  |  | (2,792) |  |  |
Common stock purchases | [2] | (256,006) |  |  |  | (52,670) |  |  | (203,336) |
Common stock reissuance |  | 3,890 |  |  |  | 274 |  |  | 3,616 |
Stock based compensation |  | 14,313 |  |  |  | 1,714 |  |  | 12,599 |
Other comprehensive loss, net of tax |  | 289,094 |  |  |  |  |  |  |  | 289,094
Ending Balance at Sep. 30, 2019 |  | 5,908,448 |  | 1,044 | 50,160 | 4,317,556 | 2,071,198 |  | (392,630) | (138,880)
Beginning Balance at Jun. 30, 2019 |  | 5,719,834 |  | 1,044 | 50,160 | 4,316,225 | 1,935,826 |  | (392,208) | (191,213)
Increase Decrease In Stockholders Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |
Net income |  | 165,319 |  |  |  |  | 165,319 |  |  |
Issuance of stock |  | 909 |  |  |  | 909 |  |  |  |
Dividends declared: |  |  |  |  |  |  |  |  |  |
Common stock | [3] | (29,017) |  |  |  |  | (29,017) |  |  |
Preferred stock |  | (930) |  |  |  |  | (930) |  |  |
Common stock purchases |  | (1,367) |  |  |  |  |  |  | (1,367) |
Common stock reissuance |  | 964 |  |  |  | 50 |  |  | 914 |
Stock based compensation |  | 403 |  |  |  | 372 |  |  | 31 |
Other comprehensive loss, net of tax |  | 52,333 |  |  |  |  |  |  |  | 52,333
Ending Balance at Sep. 30, 2019 |  | 5,908,448 |  | 1,044 | 50,160 | 4,317,556 | 2,071,198 |  | (392,630) | (138,880)
Beginning Balance at Dec. 31, 2019 |  | 6,016,779 | $ (205,842) | 1,044 | 50,160 | 4,447,412 | 2,147,915 | $ (205,842) | (459,814) | (169,938)
Increase Decrease In Stockholders Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |
Net income |  | 330,346 |  |  |  |  | 330,346 |  |  |
Issuance of stock |  | 3,140 |  | 1 |  | 3,139 |  |  |  |
Dividends declared: |  |  |  |  |  |  |  |  |  |
Common stock | [1] | (102,861) |  |  |  |  | (102,861) |  |  |
Preferred stock |  | (1,405) |  |  |  |  | (1,405) |  |  |
Common stock purchases | [4] | (503,667) |  |  |  | 76,336 |  |  | (580,003) |
Common stock reissuance |  | 4,791 |  |  |  | (1,180) |  |  | 5,971 |
Preferred stock redemption | [5] | (28,017) |  |  | (28,017) |  |  |  |  |
Stock based compensation |  | 13,467 |  |  |  | (4,018) |  |  | 17,485 |
Other comprehensive loss, net of tax |  | 385,354 |  |  |  |  |  |  |  | 385,354
Ending Balance at Sep. 30, 2020 |  | 5,912,085 |  | 1,045 | 22,143 | 4,521,689 | 2,168,153 |  | (1,016,361) | 215,416
Beginning Balance at Jun. 30, 2020 |  | 5,780,165 |  | 1,044 | 22,143 | 4,520,333 | 2,033,782 |  | (1,016,486) | 219,349
Increase Decrease In Stockholders Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |
Net income |  | 168,416 |  |  |  |  | 168,416 |  |  |
Issuance of stock |  | 1,146 |  | 1 |  | 1,145 |  |  |  |
Dividends declared: |  |  |  |  |  |  |  |  |  |
Common stock | [3] | (33,693) |  |  |  |  | (33,693) |  |  |
Preferred stock |  | (352) |  |  |  |  | (352) |  |  |
Common stock purchases |  | (185) |  |  |  |  |  |  | (185) |
Common stock reissuance |  | 200 |  |  |  | (69) |  |  | 269 |
Stock based compensation |  | 321 |  |  |  | 280 |  |  | 41 |
Other comprehensive loss, net of tax |  | (3,933) |  |  |  |  |  |  |  | (3,933)
Ending Balance at Sep. 30, 2020 |  | $ 5,912,085 |  | $ 1,045 | $ 22,143 | $ 4,521,689 | $ 2,168,153 |  | $ (1,016,361) | $ 215,416
[1] | Dividends declared per common share during the nine months ended September 30, 2020 - $1.20 (2019 - $0.90).
[2] | During the quarter ended March 31, 2019, the Corporation entered into a $250 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 18 for additional information.
[3] | Dividends declared per common share during the quarter ended September 30, 2020 - $0.40 (2019 - $0.30).
[4] | During the quarter ended March 31, 2020, the Corporation entered into a $500 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. The transaction was completed on May 27, 2020. Refer to Note 18 for additional information.
[5] | On February 24, 2020, the Corporation redeemed all the outstanding shares of 2008 Series B Preferred Stock. Refer to Note 18 for additional information.

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