| STOCKHOLDERS' EQUITY |
NOTE 8 — STOCKHOLDERS’ EQUITY
A summary of changes in shareholders’ equity is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2013 |
|
(In thousands) |
|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2012 |
35,613 |
|
|
$ |
356 |
|
|
$ |
390,249 |
|
|
$ |
303,605 |
|
|
$ |
694,210 |
|
Net earnings |
— |
|
|
— |
|
|
— |
|
|
78,375 |
|
|
78,375 |
|
Exercise of stock options |
335 |
|
|
3 |
|
|
11,222 |
|
|
— |
|
|
11,225 |
|
Excess income tax benefit from stock-based awards |
— |
|
|
— |
|
|
1,733 |
|
|
— |
|
|
1,733 |
|
Equity award compensation expense |
— |
|
|
— |
|
|
7,040 |
|
|
— |
|
|
7,040 |
|
Issuance of restricted stock |
283 |
|
|
3 |
|
|
(3 |
) |
|
— |
|
|
— |
|
Non-controlling interest acquisition |
— |
|
|
— |
|
|
(257 |
) |
|
— |
|
|
(257 |
) |
Balance at September 30, 2013 |
36,231 |
|
|
$ |
362 |
|
|
$ |
409,984 |
|
|
$ |
381,980 |
|
|
$ |
792,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2012 |
|
(In thousands) |
|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Treasury
Stock
|
|
Total |
Balance at December 31, 2011 |
40,377 |
|
|
$ |
404 |
|
|
$ |
478,839 |
|
|
$ |
198,442 |
|
|
$ |
(188,773 |
) |
|
$ |
488,912 |
|
Net earnings |
— |
|
|
— |
|
|
— |
|
|
10,035 |
|
|
— |
|
|
10,035 |
|
Exercise of stock options |
259 |
|
|
3 |
|
|
3,897 |
|
|
— |
|
|
— |
|
|
3,900 |
|
Equity award compensation expense |
— |
|
|
— |
|
|
6,095 |
|
|
— |
|
|
— |
|
|
6,095 |
|
Issuance of restricted stock |
200 |
|
|
2 |
|
|
(2 |
) |
|
— |
|
|
— |
|
|
— |
|
Issuance of stock (1) |
2,645 |
|
|
26 |
|
|
87,099 |
|
|
— |
|
|
— |
|
|
87,125 |
|
Cancellation of treasury shares (2) |
(7,891 |
) |
|
(79 |
) |
|
(188,694 |
) |
|
— |
|
|
188,773 |
|
|
— |
|
Balance at September 30, 2012 |
35,590 |
|
|
356 |
|
|
387,234 |
|
|
208,477 |
|
|
— |
|
|
596,067 |
|
(1) In July 2012, we issued a public offering of 2,645,000 shares of common stock, par value $0.01 per share, at a price to the public of $34.75 per share.
(2) During the third quarter of 2012, we canceled and retired all of our treasury shares. These shares remain as authorized and unissued shares.
|