Special Cash Dividend

6 Months Ended

Jun. 30, 2014

Special Cash Dividend [Abstract]

Special Cash Dividend

NOTE 18.  SPECIAL CASH DIVIDEND

On March 23, 2012, our Board of Directors declared a special cash dividend in the amount of $8.55 per share, or approximately $508 million in the aggregate, of which $502.9 million was paid on April 10, 2012 to the shareholders of record as of April 3, 2012.  Additional payments of $3.7 million have been made through the end of the second quarter of 2014.  The remaining dividends will be paid when the underlying employee awards vest, while vested director awards will be paid upon the Directors separation from service on the Board of Directors.  Most of the outstanding balance at June 30, 2014 is expected to be paid in the first quarter of 2015.  The dividend was recorded as a reduction of retained earnings to the extent that retained earnings were available at the dividend declaration date.  Dividends in excess of retained earnings were recorded as a reduction of capital in excess of par value.