NOTE 14 CAPITAL STOCK

We have 199 million authorized shares of common stock. The number of shares of common stock and treasury stock and the share activity were as follows:

	Common Shares				Treasury Shares
	2014		2013		2014			2013
Balance at the beginning of the year		85,364,303		84,086,341		19,979,833			18,158,002
Employee option exercises		851,396		1,217,583		(177,280	)		(179,169	)
Director option exercises		41,844		48,333		—			—
Restricted stock vestings		9,924		12,046		—			—
Common stock repurchases		—		—		4,533,814			2,001,000

Balance at the end of the year		86,267,467		85,364,303		24,336,367			19,979,833

The cash dividends paid on the common stock for the years ended December 31, 2014, 2013, and 2012 aggregated $71.1 million, $66.1 million and $58.4 million, respectively.