Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders Equity

6. Stockholders' Equity

Our Board of Directors (the “Board”) has authorized a program to repurchase shares of our outstanding common stock (“Repurchase Program”).  The purchases are to be made from time to time in the open market or directly from stockholders at prevailing market prices based on market conditions and other factors.  In May 2013, the Board increased the authorized number of shares to be repurchased under the program by one million.  During the six months ended June 30, 2013, 415,627 shares were repurchased under the Repurchase Program and 116,747 shares not subject to the Repurchase Program were withheld to satisfy tax withholding obligations for the vesting of restricted stock awards.  As of June 30, 2013, we were authorized to repurchase an additional 1,413,845 shares under the program.

The Board declared quarterly dividends of $0.17 per share of common stock in the first and second quarters of 2013 and quarterly dividends of $0.15 and $0.17 per share of common stock in the first and second quarters of 2012, respectively, resulting in a total of $8.7 million and $8.3 million, respectively, in dividends paid during the first six months of each year.