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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Summary of Changes in Shareholders' Equity

A summary of changes in shareholders’ equity is presented below:

 

 

 

Common

Stock

 

 

Additional

Paid-In

Capital

 

 

Retained

Earnings

 

 

Treasury

Stock

 

 

Deferred

Compensation

Trust

 

 

Deferred

Compensation

Liability

 

 

Total

 

Balance, December 31, 2015

 

$

206

 

 

$

1,447,795

 

 

$

5,270,114

 

 

$

(5,478,950

)

 

$

(17,333

)

 

$

17,333

 

 

$

1,239,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

 

65,303

 

 

 

 

 

 

 

 

 

 

 

 

65,303

 

Deferred compensation activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(10

)

 

 

10

 

 

 

 

Purchase of common stock for treasury

 

 

 

 

 

 

 

 

 

 

 

(87,101

)

 

 

 

 

 

 

 

 

(87,101

)

Equity-based compensation

 

 

 

 

 

10,549

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,549

 

Excess tax benefit from equity benefit plan activity

 

 

 

 

 

6,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,284

 

Proceeds from stock options exercised

 

 

 

 

 

22,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22,263

 

Treasury stock issued upon option exercise and restricted share vesting

 

 

 

 

 

(19,891

)

 

 

 

 

 

19,891

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2016

 

$

206

 

 

$

1,467,000

 

 

$

5,335,417

 

 

$

(5,546,160

)

 

$

(17,343

)

 

$

17,343

 

 

$

1,256,463