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Consolidated Statements of Shareholders' Deficit - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in- Capital
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2018   55,679,207        
Beginning balance at Dec. 31, 2018 $ (183,772) $ 951 $ 213,170 $ (5,446) $ (1,187,625) $ 795,178
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 30,081         30,081
Other comprehensive income (loss) 8     8    
Other [1] (614)         (614)
Share based payment activity (in shares)   408,545        
Share based payment activity 12,920   3,214   9,706  
Dividends declared ($0.215 per share) $ (12,149)         (12,149)
Treasury purchases (in shares) (548,031) (414,077)        
Treasury purchases $ (31,951)       (31,951)  
Ending balance (in shares) at Mar. 31, 2019   55,673,675        
Ending balance at Mar. 31, 2019 $ (185,477) $ 951 216,384 (5,438) (1,209,870) 812,496
Beginning balance (in shares) at Dec. 31, 2019 55,702,628 55,702,628        
Beginning balance at Dec. 31, 2019 $ (23,511) $ 951 231,160 (4,550) (1,219,905) 968,833
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 55,463         55,463
Other comprehensive income (loss) (664)     (664)    
Share based payment activity (in shares)   294,826        
Share based payment activity (1,518)   (9,607)   8,089  
Dividends declared ($0.215 per share) [2] (12,721)         (12,721)
Treasury purchases (in shares)   (657,031)        
Treasury purchases $ (54,072)       (54,072)  
Ending balance (in shares) at Mar. 31, 2020 55,340,423 55,340,423        
Ending balance at Mar. 31, 2020 $ (43,854) $ 951 $ 221,553 $ (5,214) $ (1,265,888) $ 1,004,744
[1] Impact of adoption of Financial Accounting Standards Board ("FASB") Accounting Standards Update (“ASU”) No. 2014-09, Revenue From Contracts with Customers (Topic 606) and subsequent amendments to the initial guidance ("Topic 606") related to a foreign joint venture accounted for as an equity method investment.
[2] During the fourth quarter of 2019, the Company's board of directors announced a 5% increase to the quarterly dividend rate to $0.225 per share from $0.215 per share, beginning with the dividend payable in the first quarter of 2020. On February 28, 2020, the Company’s board of directors declared a quarterly cash dividend of $0.225 per share of common stock. The dividend was payable on April 16, 2020 to shareholders of record on April 2, 2020. In light of uncertainty resulting from the COVID-19 pandemic, we have taken the action to suspend future, undeclared dividends for at least the remainder of 2020. Reference Management's Discussion and Analysis of Financial Condition and Results of Operations.