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Stockholders' Equity
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Stockholders' Equity
17) Stockholders’ Equity

Stock Repurchase

On July 25, 2011, the Company’s board of directors approved a share repurchase program for the repurchase of up to an
aggregate of $200,000 of its outstanding Common Stock from time to time in open market purchases, privately negotiated transactions or through other appropriate means. The timing and quantity of any shares repurchased will depend upon a variety of factors, including business conditions, stock market conditions and business development activities, including, but not limited to, merger and acquisition opportunities. These repurchases may be commenced, suspended or discontinued at any time without prior notice.

 

During 2014, the Company repurchased 727,912 shares of its Common Stock for $20,809 at an average price of $28.59 per share. During 2013, the Company repurchased 107,000 shares of its Common Stock for $2,875 at an average price of $26.87 per share.

Dividends

Holders of the Company’s Common Stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. During 2014, the board of directors authorized one quarterly dividend of $0.16 per share and three quarterly dividends of $0.165 per share which totaled $34,851. Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s board of directors.

On February 9, 2015, the Company’s board of directors declared a quarterly cash dividend of $0.165 per share to be paid on March 13, 2015 to shareholders of record as of March 2, 2015.