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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Repurchase Activity under Repurchase Programs

The following table is a summary of the Company’s repurchase activity under all of the Company’s repurchase programs for the years ended December 31:

 

     Year Ended December 31,  
(Dollars in thousands)    2014     2013     2012  
     Shares (1)      Amount     Shares (1)      Amount     Shares (1)      Amount  

Prior year authorizations at January 1,

       $ 14,433         $ 14,793         $ 13,963   

Authorizations

         14,410           12,164           6,036   

Repurchases paid

      756,143         (15,264 )      773,258         (12,370 )      363,606         (5,130 ) 

Repurchases unsettled

      13,983         (295 )      6,282         (154 )      6,798         (76 ) 
     

 

 

       

 

 

       

 

 

  

Authorized dollars remaining as of December 31,

       $         13,284         $     14,433         $         14,793   
     

 

 

       

 

 

       

 

 

  

 

(1) The number of shares outstanding for all prior periods has been retroactively restated to reflect the Company’s two-for-one common stock split effected in the form of a common stock dividend distributed on April 1, 2014. See Note 1 “Basis of Presentation” (d) for further discussion of the Stock Split.