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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Cash Dividends | Cash Dividends — The Company paid cash dividends during the nine months ended September 30, 2019 and 2018 as follows:
2019: | Per Share |  |  | Total |
|  |  |  |  | (in thousands) |
Paid on March 21, 2019 | $ | 0.04 |  |  | $ | 8,499 |
Paid on June 20, 2019 |  | 0.04 |  |  |  | 8,344 |
Paid on September 19, 2019 |  | 0.04 |  |  |  | 7,847 |
Total cash dividends | $ | 0.12 |  |  |  | 24,690 |
2018: | Per Share |  |  | Total |
|  |  |  |  | (in thousands) |
Paid on March 22, 2018 | $ | 0.02 |  |  | $ | 4,443 |
Paid on June 21, 2018 |  | 0.04 |  |  |  | 8,832 |
Paid on September 20, 2018 |  | 0.04 |  |  |  | 8,685 |
Total cash dividends | $ | 0.10 |  |  | $ | 21,960 |
Treasury Stock Acquisition | Treasury stock acquisitions during the nine months ended September 30, 2019 were as follows (dollars in thousands):
| Shares |  |  | Cost |
Treasury shares at beginning of period |  | 53,701,096 |  |  | $ | 1,080,448 |
Purchases pursuant to stock buyback program |  | 19,961,344 |  |  |  | 225,109 |
Acquisitions pursuant to long-term incentive plan |  | 1,015,617 |  |  |  | 14,014 |
Other |  | 31,013 |  |  |  | 371 |
Treasury shares at end of period |  | 74,709,070 |  |  | $ | 1,319,942 |
Reconciliation of Changes in Stockholders' Equity | The reconciliation of changes in stockholders’ equity for the periods ended September 30, 2019 and 2018, are presented as follows (in thousands):
| For the nine months ended September 30, 2019 |
| Common Stock |  |  | Additional |  |  |  |  |  |  | Accumulated Other |  |  |  |  |  |  |  |  |  |  |
| Number of |  |  |  |  |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  |  |  |  |  |
| Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Total |  |  |
Balance, December 31, 2018 |  | 267,316 |  |  | $ | 2,673 |  |  | $ | 2,827,154 |  |  | $ | 1,753,557 |  |  | $ | 2,487 |  |  | $ | (1,080,448 | ) |  | $ | 3,505,423 |  |  |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (28,614 | ) |  |  | — |  |  |  | — |  |  |  | (28,614 | ) |  |
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 944 |  |  |  | — |  |  |  | 944 |  |  |
Vesting of restricted stock units |  | 38 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Forfeitures of restricted stock |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,338 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,338 |  |  |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,499 | ) |  |  | — |  |  |  | — |  |  |  | (8,499 | ) |  |
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (110 | ) |  |  | — |  |  |  | — |  |  |  | (110 | ) |  |
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (75,113 | ) |  |  | (75,113 | ) |  |
Balance, March 31, 2019 |  | 267,353 |  |  | $ | 2,673 |  |  | $ | 2,836,492 |  |  | $ | 1,716,334 |  |  | $ | 3,431 |  |  | $ | (1,155,561 | ) |  | $ | 3,403,369 |  |  |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (49,447 | ) |  |  | — |  |  |  | — |  |  |  | (49,447 | ) |  |
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 848 |  |  |  | — |  |  |  | 848 |  |  |
Exercise of stock options |  | 700 |  |  |  | 7 |  |  |  | 9,212 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,219 |  |  |
Vesting of restricted stock units |  | 739 |  |  |  | 8 |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Forfeitures of restricted stock |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 11,050 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,050 |  |  |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,344 | ) |  |  | — |  |  |  | — |  |  |  | (8,344 | ) |  |
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (126 | ) |  |  | — |  |  |  | — |  |  |  | (126 | ) |  |
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (88,258 | ) |  |  | (88,258 | ) |  |
Balance, June 30, 2019 |  | 268,791 |  |  | $ | 2,688 |  |  | $ | 2,856,746 |  |  | $ | 1,658,417 |  |  | $ | 4,279 |  |  | $ | (1,243,819 | ) |  | $ | 3,278,311 |  |  |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (261,719 | ) |  |  | — |  |  |  | — |  |  |  | (261,719 | ) |  |
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 854 |  |  |  | — |  |  |  | 854 |  |  |
Vesting of restricted stock units |  | 433 |  |  |  | 4 |  |  |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,670 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,670 |  |  |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (7,847 | ) |  |  | — |  |  |  | — |  |  |  | (7,847 | ) |  |
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (160 | ) |  |  | — |  |  |  | — |  |  |  | (160 | ) |  |
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (76,123 | ) |  |  | (76,123 | ) |  |
Balance, September 30, 2019 |  | 269,224 |  |  | $ | 2,692 |  |  | $ | 2,866,412 |  |  | $ | 1,388,691 |  |  | $ | 5,133 |  |  | $ | (1,319,942 | ) |  | $ | 2,942,986 |  |  |
| For the nine months ended September 30, 2018 |
| Common Stock |  |  | Additional |  |  |  |  |  |  | Accumulated Other |  |  |  |  |  |  |  |  |
| Number of |  |  |  |  |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  |  |  |
| Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Total |
Balance, December 31, 2017 |  | 266,259 |  |  | $ | 2,662 |  |  | $ | 2,785,823 |  |  | $ | 2,105,897 |  |  | $ | 6,822 |  |  | $ | (918,711 | ) |  | $ | 3,982,493 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (34,417 | ) |  |  | — |  |  |  | — |  |  |  | (34,417 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,984 | ) |  |  | — |  |  |  | (1,984 | )
Exercise of stock options |  | 40 |  |  |  | 1 |  |  |  | 484 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 485 |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,365 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,365 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,443 | ) |  |  | — |  |  |  | — |  |  |  | (4,443 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (30 | ) |  |  | — |  |  |  | — |  |  |  | (30 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (16,928 | ) |  |  | (16,928 | )
Balance, March 31, 2018 |  | 266,299 |  |  | $ | 2,663 |  |  | $ | 2,795,672 |  |  | $ | 2,067,007 |  |  | $ | 4,838 |  |  | $ | (935,639 | ) |  | $ | 3,934,541 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,713 | ) |  |  | — |  |  |  | — |  |  |  | (10,713 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,530 | ) |  |  | — |  |  |  | (1,530 | )
Issuance of common stock |  | 381 |  |  |  | 4 |  |  |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vesting of restricted stock units |  | 10 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeitures of restricted stock |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,907 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,907 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,832 | ) |  |  | — |  |  |  | — |  |  |  | (8,832 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (83 | ) |  |  | — |  |  |  | — |  |  |  | (83 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (42,951 | ) |  |  | (42,951 | )
Balance, June 30, 2018 |  | 266,688 |  |  | $ | 2,667 |  |  | $ | 2,805,575 |  |  | $ | 2,047,379 |  |  | $ | 3,308 |  |  | $ | (978,590 | ) |  | $ | 3,880,339 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (75,042 | ) |  |  | — |  |  |  | — |  |  |  | (75,042 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,520 |  |  |  | — |  |  |  | 1,520 |
Vesting of restricted stock units |  | 406 |  |  |  | 4 |  |  |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeitures of restricted stock |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,177 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,177 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,685 | ) |  |  | — |  |  |  | — |  |  |  | (8,685 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (106 | ) |  |  | — |  |  |  | — |  |  |  | (106 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (51,776 | ) |  |  | (51,776 | )
Balance, September 30, 2018 |  | 267,090 |  |  | $ | 2,671 |  |  | $ | 2,814,748 |  |  | $ | 1,963,546 |  |  | $ | 4,828 |  |  | $ | (1,030,366 | ) |  | $ | 3,755,427 |

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