Shareholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

The following table summarizes the common stock and additional paid-in capital activity during the six months ended June 30, 2015 (in thousands):

Common stock and additional paid-in capital, December 31, 2014	$	1,396
Income tax benefit of common stock options exercised	3,490
Common stock issued pursuant to stock-based compensation plans, net	11,991
Stock-based compensation arrangements	12,886
Repurchase of common stock	(28,361		)
Common stock and additional paid-in capital, June 30, 2015	$	1,402

On February 5, 2015, the Company's Board of Directors authorized the repurchase of up to 15.0 million shares of the Company's outstanding common stock in the open market or through privately negotiated transactions. The authorization will expire on February 5, 2017. During the six months ended June 30, 2015, the Company repurchased 1.0 million shares through open market transactions.

On June 5, 2015, the Company paid a dividend of $0.11 per share on its outstanding common stock to the shareholders of record as of the close of business on May 22, 2015. The total cash payments for dividends in the six months ended June 30, 2015 were $30.8 million.