Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

S. Subsequent Events

On January 9, 2014, the Company granted 2,100 RSAs at a grant date fair value of $81.99 per share to certain employees.  The expense, net of forfeitures, will be recognized over the vesting period for this award which is 60% over three years from the date of the grant and 40% over five years from the date of grant.

On February 4, 2014, the Board of Directors declared a regular quarterly dividend of $0.06 per share to all of its shareholders, payable on March 25, 2014 to shareholders of record on March 11, 2014.  The Company had increased its regular quarterly dividend from $0.05 per share in the third quarter of 2013.

From January 1, 2014 to March 6, 2014, the Company repurchased 69,594 shares at $78.32 per share. As a result, there are 853,621 shares available to be repurchased under our existing buyback plan at March 6, 2014.