Capital Management

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Capital Management

22. Capital Management

The Company’s Board of Directors initiated a share repurchase program in February 2011. In October 2012, and October 2013, the Board reauthorized this program with a new limit of $25.0 million. Unless reauthorized, the program will expire on December 31, 2014. Since beginning of this plan, the Company has repurchased a total of 1,258,250 shares for $22.4 million, or an average price of $17.78, including commissions.

During 2013, the Company’s Board of Directors initiated a quarterly dividend of $0.08 per share.