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Treasury Stock and Dividends | 9 Months Ended
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Sep. 30, 2014
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Treasury Stock and Dividends | 6. Treasury Stock and Dividends During the nine months ended September 30, 2014 and 2013, the Company repurchased 136,874 and 105,000 common shares, respectively, at a weighted average price of $191.79 and $187.61 per share, respectively, plus transaction costs for a total cost of approximately $26.3 million and $19.7 million, respectively. The Company has repurchased a total of 486,874 shares of common stock at a weighted average price of $130.78 per share plus transaction costs for a total cost of $63.7 million under its share repurchase program. At September 30, 2014, there were 213,126 shares of common stock available to repurchase under the Company’s current authorization through the share repurchase program. In August 2014, the Company paid a cash dividend on the Company’s common stock in the amount of $0.45 per share totaling $4.1 million. On August 13, 2014, the Board of Directors approved a cash dividend on the Company’s common stock in the amount of $0.45 per share to stockholders of record as of October 31, 2014, estimated at $4.1 million, to be paid on November 14, 2014.

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