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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Activity Relating to Common Shares

The following table summarizes the activity relating to shares of the Company’s common stock during the three months ended March 31, 2014 (in thousands):

 

     Issued
Shares
    Treasury
Shares
    Outstanding
Shares
 

Balance, as of December 31, 2013

     43,641        (8,275     35,366   
  

 

 

   

 

 

   

 

 

 

Conversion of preferred stock

     40        —          40   

Shares repurchased

     —          (1,225     (1,225

Options exercised

     1,725        —          1,725   

Shares acquired through cashless exercise (1)

     —          (1,130     (1,130

Shares cancelled

     (1,130     1,130        —     
  

 

 

   

 

 

   

 

 

 

Balance, as of March 31, 2014

     44,276        (9,500     34,776   
  

 

 

   

 

 

   

 

 

 

 

(1) All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of options exercised or restricted stock vested. These shares have been cancelled by the Company.