Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Note U – Subsequent Events

On February 5, 2014, the Company entered into a variable term, capped accelerated share repurchase (ASR) transaction with a major financial institution to repurchase a total of $250,000,000 of the Company’s Common stock. Through February 28, 2014, the Company has received 4,018,000 shares under the ASR. The total number of shares to be repurchased under the ASR will be determined by references to the Rule 10b-18 volume-weighted price of the Company’s Common stock, less a fixed discount. The ASR is expected to be completed within three months of the transaction. Also on February 5, 2014, the Company’s Board of Directors declared a quarterly dividend of $0.3125 per share payable on March 3, 2014 to shareholders of record on February 18, 2014.