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SUBSEQUENT EVENTS | 3 Months Ended
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Mar. 31, 2013
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | NOTE 16 — SUBSEQUENT EVENTS Dividend Payout and Capital Action In April 2013, the Company’s Board of Directors approved the payment of second quarter dividends of $20.00 per share on the Company’s Series A preferred stock. The dividend is payable on or about May 1, 2013 to shareholders of record as of April 15, 2013. The Board declared a quarterly dividend of $0.15 per share on the Company’s common stock payable on or about May 13, 2013 to shareholders of record as of April 26, 2013. Additionally, on May 1, 2013, at the option of the Company, all outstanding Series A Preferred Stock were converted into 5.6 million shares of common stock. Stock Repurchase Subsequent to March 31, 2013, the Company repurchased approximately $27.1 million worth of common stock, pursuant to the Stock Repurchase Plan approved in January 2013.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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