Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

The following table provides certain information for each series of convertible preferred stock as of the dates presented (in thousands, except conversion factor):

	As of December 31, 2014						As of December 31, 2013
	Series A		Series M		Total		Series A		Series M		Total
Shares issued and outstanding		10		2		12		20		10		30
Conversion factor		2.50		5.00	NM			2.50		5.00	NM
Common shares resulting if converted		25		10		35		50		50		100

Activity Relating to Common Shares and Contingently Redeemable Common Shares

The following table summarizes the activity relating to shares of the Company’s Common Stock and Contingently Redeemable Common Stock during the periods presented (in thousands):

	Issued			Treasury			Outstanding
	Shares			Shares			Shares
Balance, as of December 31, 2011		41,100			(1,018	)		40,082
Options exercised		285			—			285
Restricted stock grant		650			—			650
Shares acquired through cashless exercise (1)		—			(146	)		(146	)
Shares cancelled		(146	)		146			—
Balance, as of December 31, 2012		41,889			(1,018	)		40,871
Conversion of preferred stock		389			—			389
Shares repurchased		—			(7,257	)		(7,257	)
Options exercised		2,330			—			2,330
Restricted stock grant		1,000			—			1,000
Shares acquired through cashless exercise (1)		—			(1,967	)		(1,967	)
Shares cancelled		(1,967	)		1,967			—
Balance, as of December 31, 2013		43,641			(8,275	)		35,366
Conversion of preferred stock		65			—			65
Shares repurchased		—			(2,392	)		(2,392	)
Treasury shares reissued and classified as contingently redeemable common stock (2)					1,000			1,000
Options exercised		1,900			—			1,900
Restricted stock grant		950			—			950
Shares acquired through cashless exercise (1)		—			(1,787	)		(1,787	)
Shares cancelled		(1,787	)		1,787			—
Balance, as of December 31, 2014		44,769			(9,667	)		35,102

(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 (as defined in “NOTE 9 – SHARE-BASED COMPENSATION “) vested. These shares have been cancelled by the Company.

(2)	Subsequent to December 31, 2014 contingently redeemable common stock was reclassified to common stock.

Summary of Dividends Declared on its Outstanding Shares of Common Stock to its Shareholders

The Company declared dividends on its outstanding shares of common stock to its shareholders of record as follows for the periods presented (in thousands, except per share amounts):

	For the year ended December 31,
	2014				2013				2012
	Per Share		Aggregate		Per Share		Aggregate		Per Share		Aggregate
	Amount		Amount		Amount		Amount		Amount		Amount
First Quarter	$	0.10	$	3,464	$	0.08	$	3,259	$	0.10	$	4,012
Second Quarter	$	0.10	$	3,502	$	0.08	$	2,821	$	0.08	$	3,214
Third Quarter	$	0.10	$	3,429	$	0.10	$	3,511	$	0.08	$	3,270
Fourth Quarter	$	0.25	$	8,845	$	0.23	$	8,134	$	0.20	$	8,174

Pro-Forma [Member]

Summary of Unaudited Pro-Forma Adjustments to Consolidated Balance Sheet

The following table shows the effect of unaudited pro-forma adjustments to the consolidated balance sheet as of December 31, 2014 (in thousands, except per share amounts):

	December 31, 2014
	As Reported			PRO-FORMA Adjustment Unaudited			PRO-FORMA Unaudited
Total assets	$	911,774			—		$	911,774

Total liabilities		692,858			—			692,858

Contingently redeemable common stock		19,000			(19,000	)		—
STOCKHOLDERS' EQUITY:
Cumulative convertible preferred stock, $.01 par value		—			—			—
Common stock, $.01 par value		448			—			448
Treasury shares, at cost		(62,153	)		—			(62,153	)
Additional paid-in capital		40,987			19,000			59,987
Accumulated other comprehensive income (loss), net of taxes		(1,835	)		—			(1,835	)
Retained earnings		222,469			—			222,469
Total stockholders' equity		199,916			19,000			218,916
Total liabilities, contingently redeemable common stock and stockholders' equity	$	911,774			—		$	911,774