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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Class A Common Stock Common Stock | Preferred Stock | Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive (Loss)/Income | Total
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2018 | $ 1,110 |  | $ 2,474,238 | $ 2,331,552 | $ 4,806,900 |
Balance (in shares) at Dec. 31, 2018 | 110,949,850 |  |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 2 |  | 439 |  | 441 |
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 263,218 |  |  |  |  |
Issuance of preferred stock |  | $ 100 | 242,141 |  | 242,241 |
Issuance of preferred stock (in shares) |  | 10,000,000 |  |  |  |
Stock-based compensation |  |  | 4,174 |  | 4,174 |
Cash dividends |  |  |  | (14,445) | (14,445) |
Tax withholding related to vesting of restricted stock units and exercise of stock options | $ (1) |  | (3,587) |  | (3,588) |
Tax withholding related to vesting of restricted stock units and exercise of stock options (in shares) | (94,899) |  |  |  |  |
Net income |  |  |  | 138,094 | 138,094 |
Balance at Mar. 31, 2019 | $ 1,111 | $ 100 | 2,717,405 | 2,455,201 | 5,173,817 |
Balance (in shares) at Mar. 31, 2019 | 111,118,169 | 10,000,000 |  |  |  |
Balance at Dec. 31, 2018 | $ 1,110 |  | 2,474,238 | 2,331,552 | 4,806,900 |
Balance (in shares) at Dec. 31, 2018 | 110,949,850 |  |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Net income |  |  |  |  |  | $ 422,186
Balance at Sep. 30, 2019 | $ 1,127 | $ 100 | 2,758,928 | 2,702,018 | 5,462,173 |
Balance (in shares) at Sep. 30, 2019 | 112,701,349 | 10,000,000 |  |  |  |
Balance at Mar. 31, 2019 | $ 1,111 | $ 100 | 2,717,405 | 2,455,201 | 5,173,817 |
Balance (in shares) at Mar. 31, 2019 | 111,118,169 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 6 |  | 10,791 |  | 10,797 |
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 547,957 |  |  |  |  |
Issuance of preferred stock |  |  | (111) |  | (111) |
Dividends declared on preferred stock |  |  |  | (4,271) | (4,271) |
Stock-based compensation |  |  | 5,863 |  | 5,863 |
Cash dividends |  |  |  | (14,516) | (14,516) |
Net income |  |  |  | 128,305 | 128,305 |
Balance at Jun. 30, 2019 | $ 1,117 | $ 100 | 2,733,948 | 2,564,719 | 5,299,884 |
Balance (in shares) at Jun. 30, 2019 | 111,666,126 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 11 |  | 20,584 |  | 20,595 |
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 1,047,695 |  |  |  |  |
Dividends declared on preferred stock |  |  |  | (3,844) | (3,844) |
Stock-based compensation |  |  | 4,897 |  | 4,897 |
Cash dividends |  |  |  | (14,644) | (14,644) |
Tax withholding related to vesting of restricted stock units and exercise of stock options | $ (1) |  | (501) |  | (502) |
Tax withholding related to vesting of restricted stock units and exercise of stock options (in shares) | (12,472) |  |  |  |  |
Net income |  |  |  | 155,787 | 155,787 | 155,787
Balance at Sep. 30, 2019 | $ 1,127 | $ 100 | 2,758,928 | 2,702,018 | 5,462,173 |
Balance (in shares) at Sep. 30, 2019 | 112,701,349 | 10,000,000 |  |  |  |
Balance at Dec. 31, 2019 | $ 1,134 | $ 100 | 2,777,601 | 2,846,106 | (1,397) | 5,623,544
Balance (in shares) at Dec. 31, 2019 | 113,350,267 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 4 |  | 2,021 |  |  | 2,025
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 480,978 |  |  |  |  |
Dividends declared on preferred stock |  |  |  | (3,844) |  | (3,844)
Stock-based compensation |  |  | 4,429 |  |  | 4,429
Cash dividends |  |  |  | (17,045) |  | (17,045)
Change in foreign currency translation adjustment and from current period hedged transactions |  |  |  |  | (1,478) | (1,478)
Tax withholding related to vesting of restricted stock units and exercise of stock options | $ (2) |  | (8,411) |  |  | (8,413)
Tax withholding related to vesting of restricted stock units and exercise of stock options (in shares) | (191,334) |  |  |  |  |
Net income |  |  |  | 137,151 |  | 137,151
Balance at Mar. 31, 2020 | $ 1,136 | $ 100 | 2,775,640 | 2,962,368 | (2,875) | 5,736,369
Balance (in shares) at Mar. 31, 2020 | 113,639,911 | 10,000,000 |  |  |  |
Balance at Dec. 31, 2019 | $ 1,134 | $ 100 | 2,777,601 | 2,846,106 | (1,397) | 5,623,544
Balance (in shares) at Dec. 31, 2019 | 113,350,267 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Change in foreign currency translation adjustment and from current period hedged transactions |  |  |  |  |  | 426
Net income |  |  |  |  |  | 405,171
Balance at Sep. 30, 2020 | $ 1,138 | $ 100 | 2,788,490 | 3,188,566 | (971) | 5,977,323
Balance (in shares) at Sep. 30, 2020 | 113,778,906 | 10,000,000 |  |  |  |
Balance at Mar. 31, 2020 | $ 1,136 | $ 100 | 2,775,640 | 2,962,368 | (2,875) | 5,736,369
Balance (in shares) at Mar. 31, 2020 | 113,639,911 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 2 |  | 2,500 |  |  | 2,502
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 144,417 |  |  |  |  |
Dividends declared on preferred stock |  |  |  | (3,844) |  | (3,844)
Stock-based compensation |  |  | 3,892 |  |  | 3,892
Cash dividends |  |  |  | (17,067) |  | (17,067)
Change in foreign currency translation adjustment and from current period hedged transactions |  |  |  |  | 524 | 524
Tax withholding related to vesting of restricted stock units and exercise of stock options |  |  | (200) |  |  | (200)
Tax withholding related to vesting of restricted stock units and exercise of stock options (in shares) | (6,605) |  |  |  |  |
Net income |  |  |  | 147,625 |  | 147,625
Balance at Jun. 30, 2020 | $ 1,138 | $ 100 | 2,781,832 | 3,089,082 | (2,351) | 5,869,801
Balance (in shares) at Jun. 30, 2020 | 113,777,723 | 10,000,000 |  |  |  |
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Issuance of common stock upon vesting of restricted stock units and upon exercise of options | $ 1 |  | 27 |  |  | 28
Issuance of common stock upon vesting of restricted stock units and exercise of options (in shares) | 1,352 |  |  |  |  |
Dividends declared on preferred stock |  |  |  | (3,843) |  | (3,843)
Stock-based compensation |  |  | 6,635 |  |  | 6,635
Cash dividends |  |  |  | (17,068) |  | (17,068)
Change in foreign currency translation adjustment and from current period hedged transactions |  |  |  |  | 1,380 | 1,380
Tax withholding related to vesting of restricted stock units and exercise of stock options | $ (1) |  | (4) |  |  | (5)
Tax withholding related to vesting of restricted stock units and exercise of stock options (in shares) | (169) |  |  |  |  |
Net income |  |  |  | 120,395 |  | 120,395
Balance at Sep. 30, 2020 | $ 1,138 | $ 100 | $ 2,788,490 | $ 3,188,566 | $ (971) | $ 5,977,323
Balance (in shares) at Sep. 30, 2020 | 113,778,906 | 10,000,000 |  |  |  |

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