THREE-FOR-TWO STOCK SPLIT

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THREE-FOR-TWO STOCK SPLIT	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
THREE-FOR-TWO STOCK SPLIT	THREE-FOR-TWO STOCK SPLIT On January 27, 2015, the Board of Directors at its quarterly meeting authorized a three-for-two stock split of the Company’s common shares by the issuance on March 10, 2015 of one additional common share for each two common shares held of record at February 10, 2015. The stock split increased the Company’s outstanding shares from 145,783,052 to 218,674,578 shares. Below are the effects of the stock split on the Company’s Stockholders’ equity:   December 31, 2014   Adjustment   December 31, 2014 (in thousands) (pre-split)     (post-split) STOCKHOLDERS’ EQUITY           Preferred stock, without par value; 500,000 authorized, zero shares issued     Common stock, par value $1 per share; 250,000,000 shares authorized, 218,482,907 shares issued(1) 145,722   72,761   218,483 Treasury Stock, par value $1 per share; 200,000 shares (200 )     (200 ) Paid-in-capital 62,839     62,839 Accumulated other comprehensive loss (65,488 )     (65,488 ) Retained earnings 319,803   (72,761 )   247,042 Total stockholders’ equity $ 462,676     $ 462,676 (1) Shares issued increased as follows: 2014 - 72,760,969; 2013 - 72,932,222   Below are the effects of the stock split on the Company’s earnings per share:   December 31, 2014       December 31, 2014 (in thousands, except per share amounts) (pre-split)   Adjustment   (post-split) Net income $ 137,664   $ —   $ 137,664 Basic earnings per share $ 0.94   $ (0.31 )   $ 0.63 Diluted earnings per share $ 0.94   $ (0.31 )   $ 0.63 Shares used for computation:           Basic 145,796   72,899   218,695 Diluted 145,796   72,899   218,695