Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.1.9
Stockholders' Equity
 3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
 
A summary of changes in shareholders’ equity is presented below (dollars in thousands): 

 
 
Three Months Ended March 31, 2015
 
 
(In thousands)
 
 
Number of
Shares
 
Common
Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Total
Balance at December 31, 2014
 
39,147

 
$
391

 
$
538,788

 
$
570,310

 
$
1,109,489

Net earnings
 
—

 
—

 
—

 
16,400

 
16,400

Exercise/vesting of equity awards
 
470

 
5

 
2,829

 
—

 
2,834

Excess income tax benefit from stock-based awards
 
—

 
—

 
1,935

 
—

 
1,935

Equity award compensation expense
 
—

 
—

 
4,630

 
—

 
4,630

Balance at March 31, 2015
 
39,617

 
$
396

 
$
548,182

 
$
586,710

 
$
1,135,288



 
 
Three Months Ended March 31, 2014
 
 
(In thousands)
 
 
Number of
Shares
 
Common
Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Total
Balance at December 31, 2013
 
36,244

 
$
362

 
$
412,961

 
$
428,069

 
$
841,392

Net earnings
 
—

 
—

 
—

 
25,377

 
25,377

Exercise/vesting of equity awards
 
340

 
4

 
703

 
—

 
707

Excess income tax benefit from stock-based awards
 
—

 
—

 
2,275

 
—

 
2,275

Equity award compensation expense
 
—

 
—

 
2,411

 
—

 
2,411

Issuance of stock (1)
 
2,530

 
25

 
110,407

 
—

 
110,432

Balance at March 31, 2014
 
39,114

 
$
391

 
$
528,757

 
$
453,446

 
$
982,594


(1) In January 2014, we issued 2,530,000 shares of common stock in a secondary public offering, par value $0.01 per share, at a price of $45.75 per share.