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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
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
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)   (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, 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 104,470              
Other comprehensive income (loss)       (228)        
Ending balance (in shares) at Jun. 30, 2019   55,696,356            
Ending balance at Jun. 30, 2019 (122,660) $ 951 222,394 (5,674) (1,215,254) 874,923    
Beginning balance (in shares) at Mar. 31, 2019   55,673,675            
Beginning balance at Mar. 31, 2019 (185,477) $ 951 216,384 (5,438) (1,209,870) 812,496    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 74,389         74,389    
Other comprehensive income (loss) (236)     (236)        
Share based payment activity (in shares)   151,856            
Share based payment activity 11,112   6,010   5,102      
Dividends declared ($0.215 per share) (11,962)         (11,962)    
Treasury purchases (in shares)   (129,175)            
Treasury purchases (10,486)       (10,486)      
Ending balance (in shares) at Jun. 30, 2019   55,696,356            
Ending balance at Jun. 30, 2019 $ (122,660) $ 951 222,394 (5,674) (1,215,254) 874,923    
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    
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2019 [2]             $ (6,831) $ (6,831)
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) [3] (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            
Ending balance at Mar. 31, 2020 $ (43,854) $ 951 221,553 (5,214) (1,265,888) 1,004,744    
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    
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2019 [2]             $ (6,831) $ (6,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 53,022              
Other comprehensive income (loss)       (477)        
Treasury purchases (in shares) (548,031)              
Ending balance (in shares) at Jun. 30, 2020 55,363,595 55,363,895            
Ending balance at Jun. 30, 2020 $ (42,752) $ 951 223,719 (5,027) (1,264,527) 1,002,132    
Beginning balance (in shares) at Mar. 31, 2020   55,340,423            
Beginning balance at Mar. 31, 2020 (43,854) $ 951 221,553 (5,214) (1,265,888) 1,004,744    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (2,441)         (2,441)    
Other comprehensive income (loss) 187     187        
Share based payment activity (in shares)   29,997            
Share based payment activity 3,820   2,166   1,825 (171)    
Dividends declared ($0.215 per share) [3] $ 0         0    
Treasury purchases (in shares) 0 (6,525)            
Treasury purchases $ (464)       (464)      
Ending balance (in shares) at Jun. 30, 2020 55,363,595 55,363,895            
Ending balance at Jun. 30, 2020 $ (42,752) $ 951 $ 223,719 $ (5,027) $ (1,264,527) $ 1,002,132    
[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] Reflects the cumulative effect of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), which was adopted on January 1, 2020. Refer to Note 1 for additional details.
[3] 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. In the second quarter of 2020, dividends were paid upon vesting of certain performance-based stock grants which are captured in Share based payment activity.