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Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
(Distributions in Excess of Earnings/Earnings in Excess of Distributions
(Distributions in Excess of Earnings/Earnings in Excess of Distributions
Cumulative Effect, Period of Adoption, Adjustment
[3]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
[3]
Treasury Stock
Noncontrolling Interest
Balance, January 1, 2018 at Dec. 31, 2017 $ 1,198,919 $ 1,240 $ 1,190,906 $ 31,541   $ (24,446)     $ (322)
Beginning Balance (in shares) at Dec. 31, 2017   124,008              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Proceeds from stock options exercised 1,887 $ 1 1,886            
Proceeds from stock options exercised (in shares)   103              
Stock based compensation expense 22,049   22,049            
Shares withheld for net settlements of share-based awards [1] (3,820) $ (2) (3,818)            
Shares withheld for net settlements of share-based awards (in shares) [1]   (173)              
Restricted stock granted   $ 9 (9)            
Restricted stock granted (in shares)   906              
Restricted stock canceled (in shares)   (73)              
Dividends - paid (229,498)     (229,498)          
Other adjustments to Additional Paid-In-Capital [2] (632)   (632)            
Purchase of treasury shares (95,175)             $ (95,175)  
Purchase of treasury shares (in shares)   (4,210)           4,210  
Issuance of common stock (ESPP) 534   534            
Issuance of common stock (ESPP) (in shares)   24              
Net Income 144,827     145,089         (262)
Other comprehensive income 813         828     (15)
Balance, December 31, 2018 at Dec. 31, 2018 1,039,904 $ 1,248 1,210,916 (52,868) $ (968) (23,618) $ 968 $ (95,175) (599)
Ending Balance (in shares) at Dec. 31, 2018   120,585           4,210  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Proceeds from stock options exercised 1,258   1,258            
Proceeds from stock options exercised (in shares)   78              
Stock based compensation expense 22,344   22,344            
Shares withheld for net settlements of share-based awards [1] (4,179) $ (2) (4,177)            
Shares withheld for net settlements of share-based awards (in shares) [1]   (198)              
Restricted stock granted   $ 8 (8)            
Restricted stock granted (in shares)   788              
Restricted stock canceled (in shares)   (58)              
Dividends - paid (232,546)     (232,546)          
Issuance of common stock (ESPP) 532   532            
Issuance of common stock (ESPP) (in shares)   30              
Net Income 166,412     166,603         (191)
Other comprehensive income 3,291         2,315     8
Balance, December 31, 2018 at Dec. 31, 2019 $ 996,048 $ 1,254 1,230,865 (119,779)   (20,335)   $ (95,175) (782)
Ending Balance (in shares) at Dec. 31, 2019   121,225           4,210  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201802Member                
Other comprehensive income (loss) $ 2,323                
Stock based compensation expense 23,896   23,896            
Shares withheld for net settlements of share-based awards [1] (2,789) $ (1) (2,788)            
Shares withheld for net settlements of share-based awards (in shares) [1]   (174)              
Restricted stock granted   $ 9 (9)            
Restricted stock granted (in shares)   900              
Restricted stock canceled (in shares)   (58)              
Dividends - paid (216,145)     (216,145)          
Other adjustments to Additional Paid-In-Capital [4] 9,687   9,687            
Purchase of treasury shares (9,771)             $ (9,771)  
Purchase of treasury shares (in shares)   (625)           625  
Issuance of common stock (ESPP) 616   616            
Issuance of common stock (ESPP) (in shares)   50              
Net Income 112,831     113,032         (201)
Other comprehensive income (2,291)         (2,254)     (37)
Balance, December 31, 2018 at Dec. 31, 2020 $ 912,082 $ 1,262 $ 1,262,267 $ (222,892)   $ (22,589)   $ (104,946) $ (1,020)
Ending Balance (in shares) at Dec. 31, 2020   121,318           4,835  
[1] During the years ended December 31, 2020, 2019 and 2018, the Company withheld shares through net share settlements to satisfy statutory tax withholding requirements upon vesting of shares of restricted stock held by employees.
[2] Represents a cumulative-effect adjustment upon adoption of ASU No. 2016-16, "Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory." Refer to Note 1 - Summary of Business Organization, Operations and Significant Accounting Policies - Recent Accounting Pronouncements for further information.
[3] On January 1, 2019, the Company adopted Accounting Standard Update ("ASU") No. 2018-02 "Income Statement-Reporting Comprehensive Income-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". Refer to Note 1 - Summary of Business Organization, Operations and Significant Accounting Policies - Recent Accounting Pronouncements for further information.
[4] ON February 26, 2020 (the “Effective Date”), the Company and its Chief Executive Officer (“CEO”) entered into an amended and restated executive retirement agreement that amends the CEO’s executive retirement agreement. The amended and restated executive retirement agreement provides that upon the CEO’s retirement from the Company, the Company will pay a lump sum equal to $8,925,065 (the “Grandfathered Payment”) which will be paid in the form of a fixed number of shares of the Company’s common stock The fair value of the Grandfathered Payment was reclassified to stockholders’ equity. Additional shares of the Company’s common stock are credited with a value equal to any dividends declared and paid on the Company’s shares of common stock. Refer to Note 14 – Benefit Plans for further information.