Common stock buyback program:

6 Months Ended

Jun. 30, 2014

Common stock buyback program:

Common stock buyback program:

6. Common stock buyback program:

The Company’s board of directors has approved $50.0 million of purchases of the Company’s common stock under a buyback program (the “Buyback Program”).  At June 30, 2014, there was approximately $13.7 million remaining for purchases under the Buyback Program.  During the three and six months ended June 30, 2014, the Company purchased 521,891 shares and 926,888 shares of its common stock for $17.9 million and $32.1 million, respectively.  In July 2014 the Company purchased an additional 130,681 shares for $4.4 million.  There were no purchases made during the six months ended June 30, 2013.

In August 2014, the Company’s board of directors approved an additional $50.0 million under the Buyback Program.  There is now a total of $59.3 million available under the Buyback Program.