Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.20.1
Shareholders' Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
The following tables summarize the components of our shareholders equity and the changes therein as of and for the quarterly periods in 2020 and 2019.
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Loss
 
Total Shareholders’ Equity
Balance as of December 31, 2019
 
$
151

 
$
200,666

 
$
319,987

 
$
(59
)
 
$
520,745

Net income
 

 

 
163,094

 

 
163,094

Cumulative effect of change in accounting principle 1
 

 

 
(76
)
 

 
(76
)
All other changes 2
 
1

 
556

 

 
(1
)
 
556

Balance as of March 31, 2020
 
$
152

 
$
201,222

 
$
483,005

 
$
(60
)
 
$
684,319

_______________________
1  
Attributable to the adoption of ASU 2016–13 as of January 1, 2020 (see Note 4).
2 Includes equity-classified share-based compensation of $0.9 million during the three months ended March 31, 2020. During the three months ended March 31, 2020, 22,321 shares of common stock were issued in connection with the vesting of certain time-vested restricted stock units (“RSUs”), net of shares withheld for income taxes.
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Income
 
Total Shareholders’ Equity
Balance as of December 31, 2018
 
$
151

 
$
197,630

 
$
249,492

 
$
82

 
$
447,355

Net loss
 

 

 
(38,697
)
 

 
(38,697
)
Cumulative effect of change in accounting principle 1
 

 

 
(94
)
 

 
(94
)
All other changes 2
 

 
381

 

 
(1
)
 
380

Balance as of March 31, 2019
 
$
151

 
$
198,011

 
$
210,701

 
$
81

 
$
408,944

_______________________
1
Attributable to the adoption of ASC Topic 842 as of January 1, 2019 (see Note 9).
2 Includes equity-classified share-based compensation of $1.0 million during the three months ended March 31, 2019. During the three months ended March 31, 2019, 24,657 shares of common stock were issued in connection with the vesting of certain RSUs, net of shares withheld for income taxes.