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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Cash Dividends | Cash Dividends — We paid cash dividends during the nine months ended September 30, 2020 and 2019 as follows:
2020: | Per Share |  |  | Total |
|  |  |  |  | (in thousands) |
Paid on March 19, 2020 | $ | 0.04 |  |  | $ | 7,629 |
Paid on June 18, 2020 |  | 0.02 |  |  | $ | 3,735 |
Paid on September 17, 2020 |  | 0.02 |  |  | $ | 3,746 |
Total cash dividends | $ | 0.08 |  |  | $ | 15,110 |
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 |
Treasury Stock Acquisition | Treasury stock acquisitions during the nine months ended September 30, 2020 were as follows (dollars in thousands):
| Shares |  |  | Cost |
Treasury shares at beginning of period |  | 77,336,387 |  |  | $ | 1,345,134 |
Purchases pursuant to stock buyback program |  | 5,826,266 |  |  |  | 20,000 |
Acquisitions pursuant to long-term incentive plan |  | 222,550 |  |  |  | 1,129 |
Treasury shares at end of period |  | 83,385,203 |  |  | $ | 1,366,263 |
Schedule of Reconciliation of Changes in Stockholders' Equity | The reconciliation of changes in stockholders’ equity for the periods ended September 30, 2020 and 2019, are presented as follows (in thousands):
| For the nine months ended September 30, 2020 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |
| Common Stock |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |  |  |  |  |
| Number of |  |  |  |  |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  |  |  |
| Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Total |
Balance, December 31, 2019 |  | 269,372 |  |  | $ | 2,694 |  |  | $ | 2,875,680 |  |  | $ | 1,294,902 |  |  | $ | 5,478 |  |  | $ | (1,345,134 | ) |  | $ | 2,833,620 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (434,722 | ) |  |  | — |  |  |  | — |  |  |  | (434,722 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,386 | ) |  |  | — |  |  |  | (1,386 | )
Vesting of restricted stock units |  | 151 |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 9,160 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,160 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (7,629 | ) |  |  | — |  |  |  | — |  |  |  | (7,629 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (125 | ) |  |  | — |  |  |  | — |  |  |  | (125 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (20,025 | ) |  |  | (20,025 | )
Balance, March 31, 2020 |  | 269,523 |  |  | $ | 2,695 |  |  | $ | 2,884,839 |  |  | $ | 852,426 |  |  | $ | 4,092 |  |  | $ | (1,365,159 | ) |  | $ | 2,378,893 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (150,332 | ) |  |  | — |  |  |  | — |  |  |  | (150,332 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 695 |  |  |  | — |  |  |  | 695 |
Vesting of restricted stock units |  | 1,046 |  |  |  | 11 |  |  |  | (11 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 4,335 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,335 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,735 | ) |  |  | — |  |  |  | — |  |  |  | (3,735 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (73 | ) |  |  | — |  |  |  | — |  |  |  | (73 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (910 | ) |  |  | (910 | )
Balance, June 30, 2020 |  | 270,569 |  |  | $ | 2,706 |  |  | $ | 2,889,163 |  |  | $ | 698,286 |  |  | $ | 4,787 |  |  | $ | (1,366,069 | ) |  | $ | 2,228,873 |
Net loss |  | — |  |  |  | — |  |  |  | — |  |  |  | (112,111 | ) |  |  | — |  |  |  | — |  |  |  | (112,111 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 218 |  |  |  | — |  |  |  | 218 |
Vesting of restricted stock units |  | 292 |  |  |  | 2 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  | — |  |  |  | — |  |  |  | 6,592 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,592 |
Payment of cash dividends |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,746 | ) |  |  | — |  |  |  | — |  |  |  | (3,746 | )
Dividend equivalents |  | — |  |  |  | — |  |  |  | — |  |  |  | (69 | ) |  |  | — |  |  |  | — |  |  |  | (69 | )
Purchase of treasury stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (194 | ) |  |  | (194 | )
Balance, September 30, 2020 |  | 270,861 |  |  | $ | 2,708 |  |  | $ | 2,895,753 |  |  | $ | 582,360 |  |  | $ | 5,005 |  |  | $ | (1,366,263 | ) |  | $ | 2,119,563 |
| For the nine months ended September 30, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |
| Common Stock |  |  |  |  | Additional |  |  |  |  |  |  | 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 |

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