Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Cash Dividends

Cash Dividends — We paid cash dividends during the six months ended June 30, 2020 and 2019 as follows:

2020:	Per Share		Total
			(in thousands)
Paid on March 19, 2020	$	0.04	$	7,629
Paid on June 18, 2020		0.02	$	3,735
Total cash dividends	$	0.06	$	11,364

2019:	Per Share		Total
			(in thousands)
Paid on March 21, 2019	$	0.04	$	8,499
Paid on June 20, 2019		0.04	$	8,344
Total cash dividends	$	0.08	$	16,843

Treasury Stock Acquisition

Treasury stock acquisitions during the six months ended June 30, 2020 were as follows (dollars in thousands):

	Shares		Cost
Treasury shares at beginning of period		77,336,387	$	1,345,134
Purchases pursuant to stock buyback program		5,826,266		20,000
Acquisitions pursuant to long-term incentive plan		165,266		935
Treasury shares at end of period		83,327,919	$	1,366,069

Schedule of Reconciliation of Changes in Stockholders' Equity

The reconciliation of changes in stockholders’ equity for the periods ended June 30, 2020 and 2019, are presented as follows (in thousands):

	For the six months ended June 30, 2020
											Accumulated
	Common Stock				Additional						Other
	Number of				Paid-in			Retained			Comprehensive			Treasury
	Shares		Amount		Capital			Earnings			Income (Loss)			Stock			Total
Balance, December 31, 2019		269,372	$	2,694	$	2,875,680		$	1,294,902		$	5,478		$	(1,345,134	)	$	2,833,620
Net loss		—		—		—			(434,722	)		—			—			(434,722	)
Foreign currency translation adjustment		—		—		—			—			(1,386	)		—			(1,386	)
Vesting of restricted stock units		151		1		(1	)		—			—			—			—
Stock-based compensation		—		—		9,160			—			—			—			9,160
Payment of cash dividends		—		—		—			(7,629	)		—			—			(7,629	)
Dividend equivalents		—		—		—			(125	)		—			—			(125	)
Purchase of treasury stock		—		—		—			—			—			(20,025	)		(20,025	)
Balance, March 31, 2020		269,523	$	2,695	$	2,884,839		$	852,426		$	4,092		$	(1,365,159	)	$	2,378,893
Net loss		—		—		—			(150,332	)		—			—			(150,332	)
Foreign currency translation adjustment		—		—		—			—			695			—			695
Vesting of restricted stock units		1,046		11		(11	)		—			—			—			—
Stock-based compensation		—		—		4,335			—			—			—			4,335
Payment of cash dividends		—		—		—			(3,735	)		—			—			(3,735	)
Dividend equivalents		—		—		—			(73	)		—			—			(73	)
Purchase of treasury stock		—		—		—			—			—			(910	)		(910	)
Balance, June 30, 2020		270,569	$	2,706	$	2,889,163		$	698,286		$	4,787		$	(1,366,069	)	$	2,228,873

	For the six months ended June 30, 2019
												Accumulated
	Common Stock					Additional						Other
	Number of					Paid-in			Retained			Comprehensive		Treasury
	Shares			Amount		Capital			Earnings			Income (Loss)		Stock			Total
Balance, December 31, 2018		267,316		$	2,673	$	2,827,154		$	1,753,557		$	2,487	$	(1,080,448	)	$	3,505,423
Net loss		—			—		—			(28,614	)		—		—			(28,614	)
Foreign currency translation adjustment		—			—		—			—			944		—			944
Vesting of restricted stock units		38			—		—			—			—		—			—
Forfeitures of restricted stock		(1	)		—		—			—			—		—			—
Stock-based compensation		—			—		9,338			—			—		—			9,338
Payment of cash dividends		—			—		—			(8,499	)		—		—			(8,499	)
Dividend equivalents		—			—		—			(110	)		—		—			(110	)
Purchase of treasury stock		—			—		—			—			—		(75,113	)		(75,113	)
Balance, March 31, 2019		267,353		$	2,673	$	2,836,492		$	1,716,334		$	3,431	$	(1,155,561	)	$	3,403,369
Net loss		—			—		—			(49,447	)		—		—			(49,447	)
Foreign currency translation adjustment		—			—		—			—			848		—			848
Exercise of stock options		700			7		9,212			—			—		—			9,219
Vesting of restricted stock units		739			8		(8	)		—			—		—			—
Forfeitures of restricted stock		(1	)		—		—			—			—		—			—
Stock-based compensation		—			—		11,050			—			—		—			11,050
Payment of cash dividends		—			—		—			(8,344	)		—		—			(8,344	)
Dividend equivalents		—			—		—			(126	)		—		—			(126	)
Purchase of treasury stock		—			—		—			—			—		(88,258	)		(88,258	)
Balance, June 30, 2019		268,791		$	2,688	$	2,856,746		$	1,658,417		$	4,279	$	(1,243,819	)	$	3,278,311