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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
Stockholders’ Equity | Stockholders’ Equity Total stockholders’ equity at June 30, 2019 was $2.00 billion, compared to $1.90 billion at December 31, 2018. During the second quarter of 2018, the Company recorded $21.4 million in additional paid-in capital from the convertible notes issued. The $21.4 million included $21.9 million for the equity component of the convertible notes offset by $461 thousand in issuance costs from the convertible notes that was allocated to equity. The Company also recorded a tax adjustment on the equity component of the convertible notes reducing additional paid-in capital by $6.4 million. On April 26, 2018, the Company’s Board of Directors approved a share repurchase program that authorized the Company to repurchase up to $100.0 million in common stock. During the second and third quarter of 2018, the Company repurchased 5,565,696 shares of common stock totaling $100.0 million as part of the share repurchase program which was recorded as treasury stock. On September 20, 2018, the Company’s Board of Directors approved another share repurchase program that authorizes the Company to repurchase an additional $50 million of its common stock. During the fourth quarter of 2018, the Company repurchased 3,436,757 shares of common stock totaling $50.0 million as part of this share repurchase program which was recorded as treasury stock. The Company paid a quarterly dividend of $0.14 per common share during the second quarter of 2019 compared to $0.13 per common share paid during the second quarter of 2018. For the six months ended June 30, 2019 and 2018, the Company paid total dividends of $0.28 and $0.26 per common share, respectively. The following table presents the quarterly changes to accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and June 30, 2018:
| Three Months Ended, |  | Six Months Ended
| June 30, 2019 |  | June 30, 2018 |  | June 30, 2019 |  | June 30, 2018
| (Dollars in thousands)
Balance at beginning of period | $ | (15,358 | ) |  | $ | (38,640 | ) |  | $ | (32,705 | ) |  | $ | (21,781 | )
Unrealized gain (loss) on securities available for sale | 32,523 |  |  | (9,249 | ) |  | 57,189 |  |  | (33,898 | )
Reclassification adjustments for net gains realize in net income | (129 | ) |  | — |  |  | (129 | ) |  | — |
Tax effect | (9,613 | ) |  | 2,767 |  |  | (16,932 | ) |  | 10,276 |
Total other comprehensive income (loss) | $ | 22,781 |  |  | $ | (6,482 | ) |  | $ | 40,128 |  |  | $ | (23,622 | )
Reclassification to retained earnings per ASU 2016-01 | — |  |  | — |  |  | — |  |  | 281 |
Balance at end of period | $ | 7,423 |  |  | $ | (45,122 | ) |  | $ | 7,423 |  |  | $ | (45,122 | )
During the second quarter of 2019, the Company recorded a reclassification adjustment of $129 thousand from other comprehensive income to net gains on sale of securities in the Consolidated Statements of Income for investment securities that were sold during the quarter. During the first quarter of 2018, the Company adopted ASU 2016-01 “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” As a result of the adoption of ASU 2016-01, the Company no longer accounts for mutual funds as available-for-sale securities and accounts for these investments as equity investments with changes to fair value recorded through earnings. In accordance with ASU 2016-01, the Company reclassified $281 thousand in net unrealized losses included in other comprehensive income, net of taxes to retained earnings on January 1, 2018. For the three and six months ended and June 30, 2019 and 2018, there were no other reclassifications out of accumulated other comprehensive (loss) income.

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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://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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