EQUITY

3 Months Ended

Mar. 31, 2013

EQUITY

EQUITY

NOTE 9:   EQUITY

Share Repurchases

On June 1, 2012, our board of directors (the “Board”) authorized the repurchase, through December 31, 2013, of up to an aggregate of $35.0 million of our outstanding shares of common stock (the “2012 Program”).  There were no repurchases of shares under the 2012 Program during the three months ended March 31, 2013 or 2012.

We also have a policy that requires shares to be repurchased by us to satisfy employee tax withholding obligations upon the vesting of restricted stock awards or the exercise of stock options.  During the three months ended March 31, 2013, we repurchased 175,295 shares for approximately $2.2 million to satisfy employee tax withholding obligations upon the vesting of restricted stock awards and the net share settlement of certain stock option exercises. During the three months ended March 31, 2012, we repurchased 154,768 shares for approximately $1.9 million to satisfy employee tax withholding obligations upon the vesting of restricted stock awards.

Dividends

On February 28, 2013, the Board declared a cash dividend of $0.09 per outstanding share of common stock, which is payable on June 3, 2013 to shareholders of record as of the close of business on May 1, 2013.

Dividends payable were approximately $3.3 million and $3.2 million at March 31, 2013 and December 31, 2012, respectively.