Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.0.6
Stockholders' Equity
 9 Months Ended
Sep. 30, 2012
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
NOTE 8 — STOCKHOLDERS’ EQUITY
A Summary of changes in shareholders’ equity is presented below:
 
 
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 income
—

 
—

 
—

 
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.

 
Nine Months Ended September 30, 2011
 
(In thousands)
 
Number of
Shares
 
Common
Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Treasury
Stock
 
Total
Balance at December 31, 2010
40,030

 
$
400

 
$
468,820

 
$
219,548

 
$
(188,773
)
 
$
499,995

Net loss
—

 
—

 
—

 
(9,332
)
 
—

 
(9,332
)
Exercise of stock options
119

 
1

 
1,830

 
—

 
—

 
1,831

Equity award compensation expense
—

 
—

 
5,215

 
—

 
—

 
5,215

Issuance of restricted stock
167

 
2

 
(2
)
 
—

 
—

 
—

Balance at September 30, 2011
40,316

 
$
403

 
$
475,863

 
$
210,216

 
$
(188,773
)
 
$
497,709