THREE-FOR-TWO STOCK SPLIT (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Schedule of Pro Forma Effect of Stock Split on Shareholder's Equity

Below are the effects of the stock split on the Company’s Stockholders’ equity:

	December 31, 2014			Adjustment		December 31, 2014
(in thousands)	(pre-split)					(post-split)
STOCKHOLDERS’ EQUITY
Preferred stock, without par value; 500,000 authorized, zero shares issued
Common stock, par value $1 per share; 250,000,000 shares authorized, 218,482,907 shares issued(1)	145,722			72,761		218,483
Treasury Stock, par value $1 per share; 200,000 shares	(200		)			(200		)
Paid-in-capital	62,839					62,839
Accumulated other comprehensive loss	(65,488		)			(65,488		)
Retained earnings	319,803			(72,761	)	247,042
Total stockholders’ equity	$	462,676				$	462,676

(1) Shares issued increased as follows: 2014 - 72,760,969; 2013 - 72,932,222

Schedule of Pro Forma Effect of Stock Split on Earning Per Share

Below are the effects of the stock split on the Company’s earnings per share:

	December 31, 2014					December 31, 2014
(in thousands, except per share amounts)	(pre-split)		Adjustment			(post-split)
Net income	$	137,664	$	—		$	137,664
Basic earnings per share	$	0.94	$	(0.31	)	$	0.63
Diluted earnings per share	$	0.94	$	(0.31	)	$	0.63
Shares used for computation:
Basic	145,796		72,899			218,695
Diluted	145,796		72,899			218,695