Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
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Advertising
                   
Years ended December 31,   2019     2018     2017  
(in thousands)                  
Advertising   $ 81,174     $ 69,875     $ 66,115  
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Cash held in foreign bank accounts
             
At December 31,   2019     2018  
(in thousands) (in US dollars)            
Cash held in foreign bank accounts   $ 74,094     $ 53,613  
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Depreciation
                   
Years ended December 31,   2019     2018     2017  
(in thousands)                  
Depreciation   $ 36,646     $ 30,364     $ 27,381  
weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock

A reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock (participating securities) is as follows (in thousands except per share data). All share and per share information in the following chart are restated for the stock split effective December 10, 2018:
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)
Years Ended December 31,   2019     2018     2017  
Net income available to stockholders   $ 203,347     $ 231,663     $ 179,124  
Less: Dividends paid                        
Common Stock     (152,793 )     (151,458 )     (120,930 )
Restricted shares of common stock     (1,042 )     (1,284 )     (1,087 )
Undistributed earnings for the period   $ 49,512     $ 78,921     $ 57,107  
Allocation of undistributed earnings:                        
Common stock     49,144       78,255       56,567  
Restricted shares of common stock     368       666       540  
Basic and diluted shares outstanding:                        
Common stock     325,046       324,529       323,891  
Restricted shares of common stock     2,431       2,762       3,091  
Basic and diluted shares outstanding (in shares)     327,477       327,291       326,982  
Basic and diluted earnings per share:                        
Common stock:                        
Distributed earnings   $ 0.47     $ 0.47     $ 0.37  
Undistributed earnings     0.15       0.24     $ 0.18  
    $ 0.62     $ 0.71     $ 0.55  
Restricted shares of common stock                        
Distributed earnings   $ 0.43     $ 0.47     $ 0.35  
Undistributed earnings     0.15       0.24       0.18  
    $ 0.58     $ 0.71     $ 0.53