| Schedule of Stockholders Equity |
A summary of changes in shareholders’ equity is presented below (dollars in thousands):
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Three Months Ended March 31, 2015 |
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(In thousands) |
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Number of
Shares
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|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
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|
Total |
Balance at December 31, 2014 |
|
39,147 |
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|
$ |
391 |
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|
$ |
538,788 |
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$ |
570,310 |
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$ |
1,109,489 |
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Net earnings |
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— |
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— |
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— |
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16,400 |
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|
16,400 |
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Exercise/vesting of equity awards |
|
470 |
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|
5 |
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|
2,829 |
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— |
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|
2,834 |
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Excess income tax benefit from stock-based awards |
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— |
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— |
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|
1,935 |
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— |
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|
1,935 |
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Equity award compensation expense |
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— |
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— |
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4,630 |
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— |
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|
4,630 |
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Balance at March 31, 2015 |
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39,617 |
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$ |
396 |
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$ |
548,182 |
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$ |
586,710 |
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$ |
1,135,288 |
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Three Months Ended March 31, 2014 |
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(In thousands) |
|
|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2013 |
|
36,244 |
|
|
$ |
362 |
|
|
$ |
412,961 |
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$ |
428,069 |
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$ |
841,392 |
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Net earnings |
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— |
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— |
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— |
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|
25,377 |
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|
25,377 |
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Exercise/vesting of equity awards |
|
340 |
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|
4 |
|
|
703 |
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|
— |
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|
707 |
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Excess income tax benefit from stock-based awards |
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— |
|
|
— |
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|
2,275 |
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|
— |
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|
2,275 |
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Equity award compensation expense |
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— |
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— |
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|
2,411 |
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— |
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|
2,411 |
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Issuance of stock (1) |
|
2,530 |
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|
25 |
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|
110,407 |
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— |
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|
110,432 |
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Balance at March 31, 2014 |
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39,114 |
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$ |
391 |
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$ |
528,757 |
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$ |
453,446 |
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$ |
982,594 |
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(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.
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