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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 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

 

 

 

 

 

 

 

 

156,979

 

 

 

 

 

 

 

 

 

 

 

 

156,979

 

Deferred compensation activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22

)

 

 

22

 

 

 

 

Purchase of common stock for treasury

 

 

 

 

 

 

 

 

 

 

 

(96,508

)

 

 

 

 

 

 

 

 

(96,508

)

Equity-based compensation

 

 

 

 

 

21,378

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,378

 

Excess tax benefit from equity benefit plan activity

 

 

 

 

 

8,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,678

 

Proceeds from stock options exercised

 

 

 

 

 

27,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27,909

 

Treasury stock issued upon option exercise and restricted share vesting

 

 

 

 

 

(22,696

)

 

 

 

 

 

22,696

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2016

 

$

206

 

 

$

1,483,064

 

 

$

5,427,093

 

 

$

(5,552,762

)

 

$

(17,355

)

 

$

17,355

 

 

$

1,357,601