Equity

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Equity

EQUITY

During the three months ended June 30, 2014, we repurchased 455,219 of our common shares for $78.5 million. Included in this total were rights to 17,918 shares valued at $3.3 million that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. During the six months ended June 30, 2014, we repurchased 709,559 of our common shares for $125.3 million. Included in this total were rights to 25,394 shares valued at $4.7 million that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. Such common shares, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards.

In February and May 2014, we paid a quarterly dividend of $0.50 per share of common stock. In addition, on July 8, 2014, we declared a quarterly dividend of $0.50 per share of common stock for shareholders of record on July 18, 2014 and payable on August 18, 2014.

The following table summarizes our changes in equity for the six months ended June 30, 2014 (in thousands):

(Unaudited)	Common Shares		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Non-Controlling Interest			Total Equity
December 31, 2013	$	1,203	$	—	$	415,930		$	(8,626	)	$	(245,184	)	$	6,066		$	169,389
Stock options exercised	—				—			—						—			—
Stock based-awards	—		1,242		—			—			9,404			—			10,646
Tax benefit of stock-based awards issued	—		1,449		—			—			—			—			1,449
Repurchase of common shares	—		—		—			—			(125,294		)	—			(125,294		)
Dividends paid	—		—		(44,936		)	—			—			—			(44,936		)
Non-controlling interest dividends	—		—		—			—			—			(394		)	(394		)
Amortization of deferred pension costs, net of tax	—		—		—			172			—			—			172
Net income (loss)	—		—		124,798			—			—			451			125,249
June 30, 2014	$	1,203	$	2,691	$	495,792		$	(8,454	)	$	(361,074	)	$	6,123		$	136,281

Accumulated other comprehensive income (loss) consisted of the following (in thousands):

	June 30, 2014			December 31, 2013
	(Unaudited)
Prior service cost	$	(52	)	$	(55	)
Transition asset	98			131
Unrecognized net actuarial loss	(8,500		)	(8,702		)
Total accumulated other comprehensive income (loss)	$	(8,454	)	$	(8,626	)