Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

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 Stock		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Total 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	1		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
Net loss	—		—		(243,413)		—		(243,413)
All other changes 2	—		608		—		(2)		606
Balance as of September 30, 2020	$	152	$	202,766	$	144,877	$	(63)	$	347,732

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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 $2.6 million during the nine months ended September 30, 2020. During the nine months ended September 30, 2020, 45,435 and 19,402 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 Stock		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income		Total 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
Net income	—		—		54,362		—		54,362
All other changes 2	—		742		—		—		742
Balance as of September 30, 2019	$	151	$	199,739	$	316,688	$	80	$	516,658

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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 $3.1 million during the nine months ended September 30, 2019. During the nine months ended September 30, 2019, 42,534 shares of common stock were issued in connection with the vesting of certain RSUs, net of shares withheld for income taxes.

^[1]

[1]	to the adoption of ASU 2016–13 as of January 1, 2020 (see Note 4).