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CAPITAL STOCK

12 Months Ended

Dec. 31, 2013

CAPITAL STOCK

CAPITAL STOCK

NOTE 14 CAPITAL STOCK

 We have 199 million authorized shares of common stock. The number of shares of common stock and treasury stock and the share activity were as follows:

		Common Shares						Treasury Shares
		2013			2012			2013			2012
Balance at the beginning of the year			84,086,341			82,773,322			18,158,002			16,921,022
Employee option exercises			1,217,583			1,234,163			(179,169	)		(379,453	)
Director option exercises			48,333			69,833			—			—
Restricted stock vestings			12,046			9,023			—			—
Common stock repurchases			—			—			2,001,000			1,616,433
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at the end of the year			85,364,303			84,086,341			19,979,833			18,158,002
​	​	​	​	​	​	​	​	​	​	​	​	​	​

        The cash dividends paid on the common stock for the years ended December 31, 2013, 2012, and 2011 aggregated $66.1 million, $58.4 million and $53.3 million, respectively.

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