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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2020
Shareholders' Equity and Share-based Payments [Abstract]  
Earnings (Loss) Per Share (Basic and Diluted)
Our earnings per share (basic and diluted) for 2020, 2019, and 2018 are presented below (in thousands, except per share amounts):
202020192018
Net income $482,763 $286,235 $401,340 
Income from discontinued operations, net of tax— — 4,325 
Net loss attributable to noncontrolling interest15 — — 
Accretion of redeemable noncontrolling interest (See Note 12)(933)— — 
Adjustment of redeemable noncontrolling interest to redemption value(15)— — 
Earnings available to common shareholders$481,830 $286,235 $405,665 
Weighted average number of common shares outstanding - basic219,232 217,138 216,184 
Effect of dilutive securities
Restricted stock246 461 139 
Performance share units254 346 97 
Stock options1 32 201 
Weighted average number of common shares outstanding - diluted219,733 217,977 216,621 
Earnings from continuing operations per share - basic$2.20 $1.32 $1.86 
Earnings from discontinued operations per share - basic— — 0.02 
Earnings per share - basic$2.20 $1.32 $1.88 
Earnings from continuing operations per share - diluted$2.19 $1.31 $1.85 
Earnings from discontinued operations per share - diluted— — 0.02 
Earnings per share - diluted$2.19 $1.31 $1.87 
Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income (Loss) for Equity Awards The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards pertaining to continuing operations (in thousands):
202020192018
RSUs$11,686 $9,699 $7,260 
PSAs8,620 9,277 2,693 
PSUs— 1,170 2,578 
Total stock-based compensation20,306 20,146 12,531 
Total income tax benefit (provision)4,297 4,354 (184)
Stock-based compensation net of tax$16,009 $15,792 $12,715 
Summary of Restricted Stock and RSU Awards
A summary of RSU awards is presented below: 
202020192018
RSU ActivityShares
Weighted
average
fair value
Shares
Weighted
average
fair value
Shares
Weighted
average
fair value
Unvested at beginning of year2,132,936 $13.22 1,567,704 $14.65 1,062,550 $21.29 
Granted1,416,300 13.39 1,356,848 13.09 1,198,787 11.99 
Vested(738,159)14.03 (581,479)16.31 (477,050)15.11 
Canceled(196,423)13.14 (210,137)14.53 (216,583)17.98 
Unvested at end of year2,614,654 $13.09 2,132,936 $13.22 1,567,704 $14.65 
Schedule of Nonvested Performance-based Units Activity
PSAs: The PSAs were first granted in 2018. A summary for the PSAs activity is presented below:

202020192018
PSAs ActivityTarget number of sharesWeighted average fair valueTarget number of sharesWeighted average fair valueTarget number of sharesWeighted average fair value
Unvested at beginning of year698,482 $12.26 450,085 $12.05 — $— 
Granted673,127 13.47 567,356 12.36 565,187 12.05 
Vested(151,511)13.40 (261,286)12.16 (91,451)12.05 
Canceled(77,219)12.50 (57,673)12.08 (23,651)12.05 
Unvested at end of year1,142,879 $12.87 698,482 $12.26 450,085 $12.05 


PSUs: As of December 31, 2019, there was no unrecognized compensation cost related to non-vested PSUs as the last awards fully vested as of December 31, 2019.

A summary of our PSUs is presented below:
20192018
PSUs ActivityTarget number of sharesWeighted average fair valueTarget number of sharesWeighted average fair value
Unvested at beginning of year250,840 $23.92 662,835 $25.87 
Granted— — — — 
Vested(228,287)23.92 (383,095)27.19 
Canceled(22,553)23.92 (28,900)25.39 
Unvested at end of year— $— 250,840 $23.92 
Schedule of Accumulated Other Comprehensive Income (Loss) The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):
2020Retirement Plans
Foreign Currency Translation (1)
Total
Balance at beginning of year$(142,398)$(199)$(142,597)
Other comprehensive gain before reclassifications16,779 102 16,881 
Amounts reclassified from AOCL4,640 — 4,640 
Balance at end of year$(120,979)$(97)$(121,076)
2019Retirement Plans
Foreign Currency Translation (1)
Total
Balance at beginning of year$(136,893)$382 $(136,511)
Other comprehensive (loss) income before reclassifications(10,339)(581)(10,920)
Amounts reclassified from AOCL4,834 — 4,834 
Balance at end of year$(142,398)$(199)$(142,597)
2018Retirement Plans
Foreign Currency Translation (1)
Total
Balance at beginning of year$(107,037)$114 $(106,923)
Other comprehensive income (loss) before reclassifications(14,450)268 (14,182)
Amounts reclassified from AOCL9,439 — 9,439 
Total other comprehensive income$(5,011)$268 $(4,743)
Reclassification of stranded tax effects to retained earnings(24,845)— (24,845)
Balance at end of year$(136,893)$382 $(136,511)
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. We record our share of foreign currency translation adjustments through our equity method investment.
Reclassification out of Accumulated Other Comprehensive Income Reclassifications out of AOCL related to these post-retirement plans included the following (in thousands):
202020192018
Amortization of prior service (credit) cost$(481)$(481)$(403)
Amortization of actuarial loss6,690 6,246 5,544 
Pension payment timing related charges— 686 7,498 
Total reclassifications, before tax6,209 6,451 12,639 
Income tax effect(1,569)(1,617)(3,200)
Total reclassifications, net of tax$4,640 $4,834 $9,439