Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 16. Stockholders' Equity

A summary of the changes in Stockholders' equity for the three months ended March 31, 2013 is as follows:

	Stockholders'
(Amounts in thousands)	Equity
Balance December 31, 2012	$	262,299
Net Income		1,653
Issuance of Preferred Stock		23,438
Common Stock Dividends		(1,858	)
Unrealized Foreign Currency Translation Gain		40
Net Change in Fair Value of Derivatives		547
Net Change in Funding Status of Defined Benefit Plan		311
Stock-based compensation expense (net of forfeited shares)		108
Balance March 31, 2013	$	286,538

Stock Repurchase Program

On January 25, 2008, the Company's Board of Directors approved a share repurchase program for up to a total of 1,000,000 shares of the Company's common stock. We expect that any share repurchases under this program will be made from time to time for cash in open market transactions at prevailing market prices. The timing and amount of any purchases under the program will be determined by management based upon market conditions and other factors. In 2008, we repurchased 491,572 shares of our common stock for $11.5 million. Thereafter, we suspended repurchases until the second quarter of 2010, when we repurchased 223,051 shares of our common stock for $5.2 million. Unless and until the Board otherwise provides, this authorization will remain open indefinitely, or until we reach the approved 1,000,000 share limit.

This table provides certain information with respect to the Company's purchase of shares of its common stock during the first three months of 2013:

ISSUER PURCHASES OF EQUITY SECURITIES
Period	(a) Total Number of Shares Purchased	(b) Average Price Paid per Share	(c) Total Number of Shares Purchased as Part of Publicly Announced Plan	(d) Maximum Number of Shares that May Yet Be Purchased Under the Plan
January 1, 2013– January 31, 2013	-	-	-	285,377
February 1, 2013 – February 28, 2013	-	-	-	285,377
March 1, 2013 – March 31, 2013	-	-	-	285,377

Dividend Payments

During the three months ended March 31, 2013, we paid cash dividends in respect of our common stock as follows:

(Amounts in Thousands Except per Share Data )			Total
		Per Share	Dividend
Record Date	Payment Date	Amount	Paid
February 19, 2013	March 4, 2013	$ 0.250	$ 1,803
			$ 1,803

During this period, we paid an additional $23,488 in cash dividends related to unvested stock awards that accrued quarterly dividend payments. Upon the vesting of these shares of restricted stock, these cash dividends were disbursed to the holders of those restricted shares.