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Share Capital and Share Repurchases (Tables)
12 Months Ended
Dec. 31, 2013
Changes in Company's Issued and Outstanding Common Shares

The following table represents changes in the Company’s issued and outstanding common shares for the periods indicated:

 

     Year Ended December 31,  

In thousands

   2013      2012      2011  

Beginning balance

     14,047         13,956         15,742   

Vested stock grants

     50         60         122   

Employee stock purchase plan

     17         16         19   

Stock options exercised

     84         15         52   

Treasury shares purchased

     —           —           (1,979
  

 

 

    

 

 

    

 

 

 

Ending balance

     14,198         14,047         13,956   
  

 

 

    

 

 

    

 

 

 
Share Repurchases

The following presents our share repurchases under the aforementioned programs for the periods indicated:

 

     Total
Number of
Shares
Purchased
     Average
Cost Paid
Per Share
 

Fourth quarter 2009 activity

     141,576       $ 47.72   
  

 

 

    

Total 2009 activity

     141,576       $ 47.72   
  

 

 

    

First quarter 2010 activity

     573,600       $ 41.27   

Second quarter 2010 activity

     558,003         40.32   

Third quarter 2010 activity

     97,115         42.25   

Fourth quarter 2010 activity

     35,566         48.04   
  

 

 

    

Total 2010 activity

     1,264,284       $ 41.11   
  

 

 

    

First quarter 2011 activity

     256,094       $ 50.96   

Second quarter 2011 activity

     597,026         47.55   

Third quarter 2011 activity

     749,076         43.03   

Fourth quarter 2011 activity

     376,911         45.61   
  

 

 

    

Total 2011 activity

     1,979,107       $ 45.91