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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - 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, 2020   55,535,554        
Beginning balance at Dec. 31, 2020 $ (5,752) $ 951 $ 233,921 $ (4,646) $ (1,260,478) $ 1,024,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 22,337         22,337
Other comprehensive income (loss), net of tax 52     52    
Share-based payment activity (in shares) [1]   48,781        
Share-based payment activity [1] 7,644   3,617   4,030 (3)
Dividends declared [1] 0          
Treasury purchases (in shares)   (46,499)        
Treasury purchases (5,046)       (5,046)  
Ending balance (in shares) at Mar. 31, 2021   55,537,836        
Ending balance at Mar. 31, 2021 19,235 $ 951 237,538 (4,594) (1,261,494) 1,046,834
Beginning balance (in shares) at Dec. 31, 2020   55,535,554        
Beginning balance at Dec. 31, 2020 (5,752) $ 951 233,921 (4,646) (1,260,478) 1,024,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 108,219          
Other comprehensive income (loss), net of tax 123          
Ending balance (in shares) at Jun. 30, 2021   55,646,993        
Ending balance at Jun. 30, 2021 104,933 $ 951 246,604 (4,523) (1,258,295) 1,120,196
Beginning balance (in shares) at Mar. 31, 2021   55,537,836        
Beginning balance at Mar. 31, 2021 19,235 $ 951 237,538 (4,594) (1,261,494) 1,046,834
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 85,882         85,882
Other comprehensive income (loss), net of tax 71     71    
Share-based payment activity (in shares)   111,895        
Share-based payment activity 12,583   9,066   3,516 1
Dividends declared (12,521)         (12,521)
Treasury purchases (in shares)   (2,738)        
Treasury purchases (317)       (317)  
Ending balance (in shares) at Jun. 30, 2021   55,646,993        
Ending balance at Jun. 30, 2021 $ 104,933 $ 951 246,604 (4,523) (1,258,295) 1,120,196
Beginning balance (in shares) at Dec. 31, 2021 55,609,226 55,609,226        
Beginning balance at Dec. 31, 2021 $ 265,882 $ 951 259,317 (4,574) (1,265,032) 1,275,220
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 67,391         67,391
Other comprehensive income (loss), net of tax (134)     (134)    
Share-based payment activity (in shares) [1]   262,008        
Share-based payment activity [1] 9,558   6,068   3,486 4
Dividends declared [1] (13,250)         (13,250)
Treasury purchases (in shares)   (100,912)        
Treasury purchases (14,802)       (14,802)  
Ending balance (in shares) at Mar. 31, 2022   55,770,322        
Ending balance at Mar. 31, 2022 $ 314,645 $ 951 265,385 (4,708) (1,276,348) 1,329,365
Beginning balance (in shares) at Dec. 31, 2021 55,609,226 55,609,226        
Beginning balance at Dec. 31, 2021 $ 265,882 $ 951 259,317 (4,574) (1,265,032) 1,275,220
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 173,559          
Other comprehensive income (loss), net of tax $ (237)          
Ending balance (in shares) at Jun. 30, 2022 55,780,322 55,780,322        
Ending balance at Jun. 30, 2022 $ 416,725 $ 951 274,384 (4,811) (1,276,090) 1,422,291
Beginning balance (in shares) at Mar. 31, 2022   55,770,322        
Beginning balance at Mar. 31, 2022 314,645 $ 951 265,385 (4,708) (1,276,348) 1,329,365
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 106,168         106,168
Other comprehensive income (loss), net of tax (103)     (103)    
Share-based payment activity (in shares)   12,422        
Share-based payment activity 9,595   8,999   596  
Dividends declared (13,242)         (13,242)
Treasury purchases (in shares)   (2,422)        
Treasury purchases $ (338)       (338)  
Ending balance (in shares) at Jun. 30, 2022 55,780,322 55,780,322        
Ending balance at Jun. 30, 2022 $ 416,725 $ 951 $ 274,384 $ (4,811) $ (1,276,090) $ 1,422,291
[1] In April 2020, in light of uncertainty resulting from the COVID-19 pandemic, we suspended future, undeclared dividends. In May 2021, the Company resumed the payment of quarterly dividends, subject to future declarations by our board of directors, and declared a quarterly cash dividend of $0.225 per share of common stock. On December 6, 2021, the Company's board of directors approved a 6% increase in the quarterly cash dividend and declared a quarterly cash dividend of $0.2375 per share of common stock. During certain periods presented, accumulated dividends were paid to certain shareholders upon vesting of performance vested restricted stock units ("PVRSU") which are captured in Share-based payment activity.