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Shareholders' Equity
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6 Months Ended |
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Jun. 30, 2014
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| Stockholders' Equity Note [Abstract] | |
| Shareholders' Equity |
Shareholders' Equity
During each quarter of 2013, the Company's Board of Directors declared a cash dividend of $0.10 per share of common stock. During the first and second quarters of 2014 , the Company's Board of Directors declared a cash dividend of $0.12 per share of common stock. The Company expects to continue to pay regular quarterly cash dividends, though each subsequent quarterly dividend is subject to review and approval by the Board of Directors.
On February 7, 2014, our Board of Directors approved a new stock repurchase authorization for up to two million shares of our common stock. During the three months ended June 30, 2014, we repurchased 446,986 for $19,985, or $44.71 per share. As of June 30, 2014, 1,553,014 shares remain that may be repurchased.
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- Details
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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