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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Cash Dividends

Cash Dividends – The Company paid cash dividends during the years ended December 31, 2013, 2014 and 2015 as follows:

 

  

 

Per Share

 

 

Total

 

 

 

 

 

 

 

(in thousands)

 

2013:

 

 

 

 

 

 

 

 

Paid on March 29, 2013

 

$

0.05

 

 

$

7,312

 

Paid on June 28, 2013

 

 

0.05

 

 

 

7,361

 

Paid on September 30, 2013

 

 

0.05

 

 

 

7,231

 

Paid on December 31, 2013

 

 

0.05

 

 

 

7,208

 

Total cash dividends

 

$

0.20

 

 

$

29,112

 

 

 

 

 

 

 

 

 

 

2014:

 

 

 

 

 

 

 

 

Paid on March 27, 2014

 

$

0.10

 

 

$

14,456

 

Paid on June 26, 2014

 

 

0.10

 

 

 

14,562

 

Paid on September 24, 2014

 

 

0.10

 

 

 

14,634

 

Paid on December 24, 2014

 

 

0.10

 

 

 

14,636

 

Total cash dividends

 

$

0.40

 

 

$

58,288

 

 

 

 

 

 

 

 

 

 

2015:

 

 

 

 

 

 

 

 

Paid on March 25, 2015

 

$

0.10

 

 

$

14,640

 

Paid on June 24, 2015

 

 

0.10

 

 

 

14,712

 

Paid on September 24, 2015

 

 

0.10

 

 

 

14,712

 

Paid on December 24, 2015

 

 

0.10

 

 

 

14,711

 

Total cash dividends

 

$

0.40

 

 

$

58,775

 

 

Treasury Stock Acquisition

Treasury stock acquisitions during the years ended December 31, 2015, 2014 and 2013 were as follows (dollars in thousands):

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

Shares

 

 

Cost

 

 

Shares

 

 

Cost

 

 

Shares

 

 

Cost

 

Treasury shares at beginning of period

 

 

42,818,585

 

 

$

899,035

 

 

 

42,268,057

 

 

$

880,888

 

 

 

38,146,738

 

 

$

795,051

 

Purchases pursuant to stock buyback programs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012 program

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,567,266

 

 

 

51,107

 

2013 program

 

 

8,618

 

 

 

180

 

 

 

13,898

 

 

 

466

 

 

 

602,564

 

 

 

12,517

 

Acquisitions pursuant to long-term incentive plans

 

 

380,037

 

 

 

7,830

 

 

 

536,630

 

 

 

17,681

 

 

 

951,489

 

 

 

22,213

 

Treasury shares at end of period

 

 

43,207,240

 

 

$

907,045

 

 

 

42,818,585

 

 

$

899,035

 

 

 

42,268,057

 

 

$

880,888