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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Share Repurchase Program In August 2021, the Company announced that the Board of Directors approved the repurchase of an additional $150 million in shares of common stock over a three-year period. This authorization was an increase to the previous $100 million repurchase programs approved in November 2018, February 2017, and February 2016. The repurchase program is set to expire in August 2024. Stock repurchases under this program may be made in the open market or in private transactions at times and in amounts determined by the Company. As of September 30, 2022, $114.9 million remained available under the program. Common and Preferred Stock The Board of Directors has the authority to issue common and unclassed preferred stock of up to 200 million shares and 25 million shares, respectively, with par value of $0.01 per share, as well as to fix dividends, voting and conversion rights, redemption provisions, liquidation preferences, and other rights and restrictions. Accumulated Other Comprehensive Income (Loss) Changes in AOCI by component, net of tax, for the nine months ended September 30, 2022 are summarized as follows (in thousands):
|  | Foreign Currency Translation |  | Derivative Instruments |  | Total
Balances at December 31, 2021 |  | $ | (1,989) |  |  | $ | 2,848 |  |  | $ | 859 |
Net unrealized gains (losses) arising during the period(a) |  | 243 |  |  | 17,555 |  |  | 17,798 |
Less: Net realized gains (losses) reclassified to net income(b) |  | — |  |  | 3,970 |  |  | 3,970 |
Net change during the period |  | 243 |  |  | 13,585 |  |  | 13,828 |
Balances at March 31, 2022 |  | (1,746) |  |  | 16,433 |  |  | 14,687 |
Net unrealized gains (losses) arising during the period(c) |  | (303) |  |  | (14,165) |  |  | (14,468) |
Less: Net realized gains (losses) reclassified to net income(d) |  | — |  |  | 5,445 |  |  | 5,445 |
Net change during the period |  | (303) |  |  | (19,610) |  |  | (19,913) |
Balances at June 30, 2022 |  | (2,049) |  |  | (3,177) |  |  | (5,226) |
Net unrealized gains (losses) arising during the period(e) |  | (80) |  |  | (3,634) |  |  | (3,714) |
Less: Net realized gains (losses) reclassified to net income(f) |  | — |  |  | (1,466) |  |  | (1,466) |
Net change during the period |  | (80) |  |  | (2,168) |  |  | (2,248) |
Balances at September 30, 2022 |  | $ | (2,129) |  |  | $ | (5,345) |  |  | $ | (7,474) |
————————— (a) Derivative instruments net of $5.9 million of tax liability for the three months ended March 31, 2022. (b) Derivative instruments net of $1.3 million of tax liability for the three months ended March 31, 2022. (c) Derivative instruments net of $4.7 million of tax benefit for the three months ended June 30, 2022. (d) Derivative instruments net of $1.8 million of tax liability for the three months ended June 30, 2022. (e) Derivative instruments net of $1.2 million of tax benefit for the three months ended September 30, 2022. (f) Derivative instruments net of $0.5 million of tax benefit for the three months ended September 30, 2022. Changes in AOCI by component, net of tax, for the nine months ended September 30, 2021 are summarized as follows (in thousands):
|  | Foreign Currency Translation |  | Derivative Instruments |  | Total
Balances at December 31, 2020 |  | $ | (2,182) |  |  | $ | 9,815 |  |  | $ | 7,633 |
Net unrealized gains (losses) arising during the period(g) |  | (303) |  |  | 15,305 |  |  | 15,002 |
Less: Net realized gains (losses) reclassified to net loss(h) |  | — |  |  | 775 |  |  | 775 |
Net change during the period |  | (303) |  |  | 14,530 |  |  | 14,227 |
Balances at March 31, 2021 |  | (2,485) |  |  | 24,345 |  |  | 21,860 |
Net unrealized gains (losses) arising during the period(i) |  | 667 |  |  | 14,895 |  |  | 15,562 |
Less: Net realized gains (losses) reclassified to net income(j) |  | — |  |  | 6,264 |  |  | 6,264 |
Net change during the period |  | 667 |  |  | 8,631 |  |  | 9,298 |
Balances at June 30, 2021 |  | (1,818) |  |  | 32,976 |  |  | 31,158 |
Net unrealized gains (losses) arising during the period (k) |  | (105) |  |  | 4,244 |  |  | 4,139 |
Less: Net realized gains (losses) reclassified to net income (l) |  | — |  |  | 13,431 |  |  | 13,431 |
Net change during the period |  | (105) |  |  | (9,187) |  |  | (9,292) |
Balances at September 30, 2021 |  | $ | (1,923) |  |  | $ | 23,789 |  |  | $ | 21,866 |
————————— (g) Derivative instruments net of $5.2 million of tax liability for the three months ended March 31, 2021. (h) Derivative instruments net of $0.3 million of tax liability for the three months ended March 31, 2021. (i) Derivative instruments net of $5.0 million of tax liability for the three months ended June 30, 2021. (j) Derivative instruments net of $2.1 million of tax liability for the three months ended June 30, 2021. (k) Derivative instruments net of $1.4 million of tax liability for the three months ended September 30, 2021. (l) Derivative instruments net of $4.5 million of tax liability for the three months ended September 30, 2021.

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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 https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: 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 https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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