STOCKHOLDERS' EQUITY |
STOCKHOLDERS’ EQUITY A summary of changes in shareholders’ equity is presented below (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2016 | | | (In thousands) | | | Number of Shares | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Total | Balance at December 31, 2015 | | 39,669 |
| | $ | 397 |
| | $ | 559,492 |
| | $ | 699,048 |
| | $ | 1,258,937 |
| Net earnings | | — |
| | — |
| | — |
| | 97,734 |
| | 97,734 |
| Exercise/vesting of stock-based awards | | 356 |
| | 3 |
| | 229 |
| | — |
| | 232 |
| Excess income tax provision from stock-based awards | | — |
| | — |
| | (540 | ) | | — |
| | (540 | ) | Stock-based compensation expense | | — |
| | — |
| | 11,042 |
| | — |
| | 11,042 |
| Balance at September 30, 2016 | | 40,025 |
| | $ | 400 |
| | $ | 570,223 |
| | $ | 796,782 |
| | $ | 1,367,405 |
|
| | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2015 | | | (In thousands) | | | Number of Shares | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Total | Balance at December 31, 2014 | | 39,147 |
| | $ | 391 |
| | $ | 538,788 |
| | $ | 570,310 |
| | $ | 1,109,489 |
| Net earnings | | — |
| | — |
| | — |
| | 75,841 |
| | 75,841 |
| Exercise/vesting of stock-based awards | | 519 |
| | 6 |
| | 2,875 |
| | — |
| | 2,881 |
| Excess income tax benefit from stock-based awards | | — |
| | — |
| | 2,040 |
| | — |
| | 2,040 |
| Stock-based compensation expense | | — |
| | — |
| | 12,418 |
| | — |
| | 12,418 |
| Balance at September 30, 2015 | | 39,666 |
| | $ | 397 |
| | $ | 556,121 |
| | $ | 646,151 |
| | $ | 1,202,669 |
|
|