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Capital Stock | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Capital Stock | 10. Capital Stock The Company has 750 million authorized shares of common stock, par value $0.01 per share and 60 million authorized shares of preferred stock, par value $0.01 per share. The number of shares of common stock and treasury stock and the share activity for 2020 and 2019 were as follows:
|  | Common Shares |  |  |  | Treasury Shares |
|  | 2020 |  |  |  | 2019 |  |  |  | 2020 |  |  |  | 2019 |
Balance at the beginning of the year |  |  | 139,555,487 |  |  |  |  | 140,498,981 |  |  |  |  | 42,335,315 |  |  |  |  | 40,110,623 |
Stock plan shares issued |  |  | 2,175,510 |  |  |  |  | 1,281,198 |  |  |  |  | — |  |  |  |  | — |
Shares surrendered by optionees |  |  | (159,089 | ) |  |  |  | (185,141 | ) |  |  |  | 159,089 |  |  |  |  | 185,141 |
Common stock repurchases |  |  | (2,911,754 | ) |  |  |  | (2,039,551 | ) |  |  |  | 2,911,754 |  |  |  |  | 2,039,551 |
Balance at the end of the year |  |  | 138,660,154 |  |  |  |  | 139,555,487 |  |  |  |  | 45,406,158 |  |  |  |  | 42,335,315 |
At December 31, 2020, no shares of our preferred stock were outstanding. Our Board of Directors has the authority, without action by the Company’s stockholders, to designate and issue our preferred stock in one or more series and to designate the rights, preferences, limitations and privileges of each series of preferred stock, which may be greater than the rights of the Company’s common stock. In 2020, we repurchased 2.9 million shares of outstanding common stock under the Company’s share repurchase program for $187.6 million. As of December 31, 2020, the Company’s total remaining share repurchase authorization under the remaining program was approximately $462 million. The share repurchase program does not obligate the Company to repurchase any specific dollar amount or number of shares and may be suspended or discontinued at any time. In December 2020, our Board of Directors declared a cash dividend of $0.26 per share of common stock, which represents an increase of 8% from the previous dividend.

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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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