Stockholders’ Equity

9 Months Ended

Sep. 30, 2019

Changes in stockholders’ equity for the three months ended September 30, 2019 and 2018 were as follows:



	Preferred stock		Preference stock		Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at July 1, 2019	$	—	$	—	$	323,338	$	105,341		$	5,282,374		$	(907,678	)	$	(4,750,403	)	$	52,972
Net loss	—		—		—		—			(3,125		)	—			—			(3,125		)
Other comprehensive loss	—		—		—		—			—			(18,774		)	—			(18,774		)
Dividends paid ($0.05 per common share)	—		—		—		—			(8,508		)	—			—			(8,508		)
Issuance of common stock	—		—		—		(10,146		)	—			—			11,291			1,145
Conversion to common stock	—		—		—		(246		)	—			—			246			—
Stock-based compensation expense	—		—		—		6,702			—			—			—			6,702
Repurchase of common stock	—		—		—		—			—			—			(5,000		)	(5,000		)
Balance at September 30, 2019	$	—	$	—	$	323,338	$	101,651		$	5,270,741		$	(926,452	)	$	(4,743,866	)	$	25,412



	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at July 1, 2018	$	1	$	415		$	323,338	$	122,732		$	5,103,588		$	(811,804	)	$	(4,689,309	)	$	48,961
Net income	—		—			—		—			80,277			—			—			80,277
Other comprehensive income	—		—			—		—			—			5,639			—			5,639
Dividends paid ($0.1875 per common share)	—		—			—		—			(35,183		)	—			—			(35,183		)
Issuance of common stock	—		—			—		(11,190		)	—			—			12,909			1,719
Conversion to common stock	—		(12		)	—		(242		)	—			—			254			—
Stock-based compensation expense	—		—			—		6,618			—			—			—			6,618
Balance at September 30, 2018	$	1	$	403		$	323,338	$	117,918		$	5,148,682		$	(806,165	)	$	(4,676,146	)	$	108,031

Changes in stockholders’ equity for the nine months ended September 30, 2019 and 2018 were as follows:



	Preferred stock			Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2019	$	1		$	396		$	323,338	$	121,475		$	5,279,682		$	(948,961	)	$	(4,674,089	)	$	101,842
Net income	—			—			—		—			17,913			—			—			17,913
Other comprehensive income	—			—			—		—			—			22,509			—			22,509
Dividends paid ($0.15 per common share)	—			—			—		—			(26,854		)	—			—			(26,854		)
Issuance of common stock	—			—			—		(32,877		)	—			—			32,289			(588		)
Conversion to common stock	—			(130		)	—		(2,804		)	—			—			2,934			—
Redemption of preferred/preference stock	(1		)	(266		)	—		(10		)	—			—			—			(277		)
Stock-based compensation expense	—			—			—		15,867			—			—			—			15,867
Repurchase of common stock	—			—			—		—			—			—			(105,000		)	(105,000		)
Balance at September 30, 2019	$	—		$	—		$	323,338	$	101,651		$	5,270,741		$	(926,452	)	$	(4,743,866	)	$	25,412



	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2018	$	1	$	441		$	323,338	$	138,367		$	5,074,343		$	(794,940	)	$	(4,710,997	)	$	30,553
Cumulative effect of accounting change	—		—			—		—			(12,207		)	—			—			(12,207		)
Net income	—		—			—		—			191,842			—			—			191,842
Other comprehensive loss	—		—			—		—			—			(11,225		)	—			(11,225		)
Dividends paid ($0.5625 per common share)	—		—			—		—			(105,296		)	—			—			(105,296		)
Issuance of common stock	—		—			—		(35,457		)	—			—			34,050			(1,407		)
Conversion to common stock	—		(38		)	—		(763		)	—			—			801			—
Stock-based compensation expense	—		—			—		15,771			—			—			—			15,771
Balance at September 30, 2018	$	1	$	403		$	323,338	$	117,918		$	5,148,682		$	(806,165	)	$	(4,676,146	)	$	108,031