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Stockholders' Equity
 12 Months Ended
Dec. 31, 2014
Stockholders' Equity [Abstract]  
Stockholders' Equity
Note 18.  Stockholders' Equity

Capital Stock

The Company's authorized capital stock consists of 100 million shares of common stock, par value $0.10 per share, of which 34,649,755 shares and 34,350,186 shares were outstanding at December 31, 2014 and 2013, respectively, and 1,000,000 shares of preferred stock, none of which were issued and outstanding.

On November 14, 2012, the Company’s Board of Directors approved a two-for-one stock split of the Company’s outstanding common stock in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record on November 27, 2012.  The stock split resulted in an increase of 17.6 million shares of common stock outstanding.  Treasury shares were not affected by the stock split.

Cash Dividends

Cash dividends of $6.9 million or $0.20 per common share were paid during 2014. In January 2015, a cash dividend of approximately $1.7 million or $0.05 per share, was declared, payable in the first quarter of 2015.

Stock Award and Incentive Plan

The Company has adopted its 2001 Stock Award and Incentive Plan (the “Plan”), which provides for grants of incentive and non-qualified stock options, stock appreciation rights, stock awards or performance unit awards. The Plan is administered by the Compensation Committee of the Board of Directors. Stock options granted under the Plan have a term not in excess of ten years. The exercise price for stock options will not be less than the fair market value of the common stock on the date of the grant, and each award of stock options will vest ratably over a specified period, generally three years.
 
The following table summarizes stock option and restricted stock activity for the Plan:

    
Stock Options
  
Restricted Shares
 
  
Shares Available for Grant
  
Shares
  
Weighted Average Exercise Price Per Share ($)
  
Shares
  
Weighted Average Exercise Price Per Share ($)
 
           
Balance January 1, 2012
  
1,677,738
   
1,573,974
  
$
27.10
   
252,024
  
$
27.21
 
Granted
  
(345,696
)
  
222,250
   
32.04
   
123,446
   
32.04
 
Exercised/vested
  
-
   
(330,158
)
  
25.15
   
(102,424
)
  
25.90
 
Canceled
  
159,932
   
(70,546
)
  
27.76
   
(89,386
)
  
27.08
 
Balance December 31, 2012
  
1,491,974
   
1,395,520
   
28.31
   
183,660
   
31.25
 
Granted
  
(351,995
)
  
239,770
   
41.42
   
112,225
   
41.44
 
Exercised/vested
  
-
   
(501,222
)
  
25.26
   
(61,981
)
  
28.09
 
Canceled
  
50,985
   
(2,653
)
  
37.24
   
(48,332
)
  
31.59
 
Balance December 31, 2013
  
1,190,964
   
1,131,415
   
32.42
   
185,572
   
37.65
 
Granted
  
(279,184
)
  
173,068
   
58.25
   
106,116
   
58.94
 
Exercised/vested
  
-
   
(323,636
)
  
30.57
   
(61,621
)
  
36.51
 
Canceled
  
84,806
   
(29,768
)
  
41.88
   
(55,038
)
  
38.73
 
Balance December 31, 2014
  
996,586
   
951,079
   
37.46
   
175,029
   
50.56