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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2017
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, 2016

 

$

206

 

 

$

1,515,828

 

 

$

5,695,376

 

 

$

(5,906,969

)

 

$

(17,375

)

 

$

17,375

 

 

$

1,304,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cumulative-effect adjustment from adoption of ASU 2016-09, net of tax

 

 

 

 

 

1,566

 

 

 

(957

)

 

 

 

 

 

 

 

 

 

 

 

609

 

Net income

 

 

 

 

 

 

 

 

102,923

 

 

 

 

 

 

 

 

 

 

 

 

102,923

 

Deferred compensation activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8

)

 

 

8

 

 

 

 

Purchase of common stock for treasury

 

 

 

 

 

 

 

 

 

 

 

(85,547

)

 

 

 

 

 

 

 

 

(85,547

)

Equity-based compensation

 

 

 

 

 

10,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,589

 

Proceeds from stock options exercised

 

 

 

 

 

75,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

75,265

 

Treasury stock issued upon option exercise and restricted share vesting

 

 

 

 

 

(32,978

)

 

 

 

 

 

32,978

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2017

 

$

206

 

 

$

1,570,270

 

 

$

5,797,342

 

 

$

(5,959,538

)

 

$

(17,383

)

 

$

17,383

 

 

$

1,408,280