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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables summarize the components of our shareholders equity and the changes therein as of and for the quarterly periods in 2020 and 2019.
Common StockPaid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTotal Shareholders’ Equity
Balance as of December 31, 2019$151  $200,666  $319,987  $(59) $520,745  
Net income—  —  163,094  —  163,094  
Cumulative effect of change in accounting principle 1
—  —  (76) —  (76) 
All other changes 2
 556  —  (1) 556  
Balance as of March 31, 2020$152  $201,222  $483,005  $(60) $684,319  
Net loss—  —  (94,715) —  (94,715) 
All other changes 2
—  936  —  (1) 935  
Balance as of June 30, 2020$152  $202,158  $388,290  $(61) $590,539  
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1  Attributable to the adoption of ASU 2016–13 as of January 1, 2020 (see Note 4).
2 Includes equity-classified share-based compensation of $1.8 million during the six months ended June 30, 2020. During the six months ended June 30, 2020, 36,174 and 3,895 shares of common stock were issued in connection with the vesting of certain time-vested restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”), net of shares withheld for income taxes.
Common StockPaid-in CapitalRetained EarningsAccumulated Other Comprehensive IncomeTotal Shareholders’ Equity
Balance as of December 31, 2018$151  $197,630  $249,492  $82  $447,355  
Net loss—  —  (38,697) —  (38,697) 
Cumulative effect of change in accounting principle 1
—  —  (94) —  (94) 
All other changes 2
—  381  —  (1) 380  
Balance as of March 31, 2019$151  $198,011  $210,701  $81  $408,944  
Net income—  —  51,625  —  51,625  
All other changes 2
—  986  —  (1) 985  
Balance as of June 30, 2019$151  $198,997  $262,326  $80  $461,554  
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1  Attributable to the adoption of ASC Topic 842 as of January 1, 2019 (see Note 9).
2 Includes equity-classified share-based compensation of $2.1 million during the six months ended June 30, 2019. During the six months ended June 30, 2019, 26,671 shares of common stock were issued in connection with the vesting of certain RSUs, net of shares withheld for income taxes.