| Schedule of Stockholders Equity |
A summary of changes in shareholders’ equity is presented below (dollars in thousands):
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Six Months Ended June 30, 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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45,533 |
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|
45,533 |
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Exercise/vesting of equity awards |
|
514 |
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|
6 |
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|
2,833 |
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— |
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|
2,839 |
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Excess income tax benefit from stock-based awards |
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— |
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— |
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|
2,012 |
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— |
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|
2,012 |
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Equity award compensation expense |
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— |
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— |
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8,465 |
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— |
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|
8,465 |
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Balance at June 30, 2015 |
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39,661 |
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$ |
397 |
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$ |
552,098 |
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$ |
615,843 |
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$ |
1,168,338 |
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Six Months Ended June 30, 2014 |
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(In thousands) |
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|
Number of
Shares
|
|
Common
Stock
|
|
Additional
Paid-In
Capital
|
|
Retained
Earnings
|
|
Total |
Balance at December 31, 2013 |
|
36,244 |
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|
$ |
362 |
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|
$ |
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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|
60,456 |
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|
60,456 |
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Exercise/vesting of equity awards |
|
348 |
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|
4 |
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|
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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|
— |
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|
2,194 |
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|
— |
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|
2,194 |
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Equity award compensation expense |
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— |
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— |
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|
5,264 |
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— |
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|
5,264 |
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Issuance of stock (1) |
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2,530 |
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|
25 |
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|
110,395 |
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— |
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|
110,420 |
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Other |
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— |
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$ |
— |
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|
$ |
(114 |
) |
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$ |
— |
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$ |
(114 |
) |
Balance at June 30, 2014 |
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39,122 |
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$ |
391 |
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$ |
531,403 |
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$ |
488,525 |
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$ |
1,020,319 |
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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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