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STOCKHOLDERS EQUITY
6 Months Ended
Jun. 30, 2013
STOCKHOLDERS EQUITY

(2) STOCKHOLDERS EQUITY

On May 15, 2013, the Board of Directors declared a dividend of 12.5¢ per share on the Company’s common stock, to stockholders of record at the close of business on May 31, 2013. The dividend in the amount of $6.0 million was paid on June 17, 2013. The Board of Directors also approved an open market share repurchase plan which permits the Company to repurchase up to $100.0 million of its common stock on the open market. The Company had not repurchased any shares under this plan as of June 30, 2013.