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Capital Stock
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Capital Stock

(15) CAPITAL STOCK

We have authorized capital stock of 485.0 million shares which includes 475.0 million shares of common stock and 10.0 million shares of preferred stock. We currently have no preferred stock issued or outstanding. The following is a schedule of changes in the number of common shares outstanding since the beginning of 2020:

 

 

 

Six Months
Ended
June 30,
2021

 

 

Year
Ended
December 31,
2020

 

Beginning balance

 

 

246,348,092

 

 

 

249,630,803

 

Restricted stock grants

 

 

1,286,737

 

 

 

3,390,358

 

Restricted stock units vested

 

 

1,483,436

 

 

 

1,226,473

 

Performance stock units issued

 

 

640,468

 

 

 

279,420

 

Performance stock dividends

 

 

13,966

 

 

 

18,700

 

Treasury shares

 

 

1,112

 

 

 

(8,197,662

)

Ending balance

 

 

249,773,811

 

 

 

246,348,092

 

 

 

Stock Repurchase Program

In October 2019, our Board of Directors authorized a $100.0 million common stock repurchase program. Under this program, we may repurchase shares in open market transactions, from time to time, in accordance with applicable SEC rules and federal securities laws. The following is a schedule of the change in treasury shares for the three and six months ended June 30, 2021:

 

 

 

Three Months
Ended
June 30,
2021

 

 

Six Months
Ended
June 30,
2021

 

Beginning balance

 

 

10,004,683

 

 

 

10,005,795

 

Rabbi trust shares distributed/sold

 

 

 

 

 

(1,112

)

Shares repurchased

 

 

 

 

 

 

Ending balance

 

 

10,004,683

 

 

 

10,004,683