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Note 5 - Stockholders' Equity
9 Months Ended
Sep. 30, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

(5)           STOCKHOLDERS’ EQUITY


Repurchases of Equity Securities


On December 11, 2012, our Board of Directors approved a stock repurchase program for up to a total of $100.0 million of our issued and outstanding Class A common stock. Repurchases can be made from time to time using a variety of methods, which may include open market purchases or purchases through a Rule 10b5-1 trading plan, or in privately negotiated transactions, all in accordance with Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will be determined by our management based on prevailing stock prices, general economic and market conditions and other considerations. The repurchase program does not obligate us to acquire any particular amount of common stock and may be suspended or discontinued at any time.


The value of the common stock repurchased, along with number of shares repurchased, and average price paid per share for the nine months ended September 30, 2013 are as follows:


Repurchase of Equity Securities

 

Period

 

Total Number of

Common Shares

Repurchased

   

Average Price Paid

Per Common Share

   

Total Number of

Common Shares

Purchased as Part of

Publicly Announced

Plans or Programs

   

Maximum Number (or

Approximate Dollar

Value) of Common

Shares that May Yet Be

Purchased Under the

Plans or Programs

 
                           

(in thousands)

 

January 1 - 31

    215,746     $ 34.65       251,146     $ 91,319  

February 1 - 28

    102,473     $ 37.73       353,619     $ 87,450  

March 1 - 31

    20,000     $ 35.27       373,619     $ 86,745  

April 1 - 30

    -       -       -     $ 86,745  

May 1 - 31

    -       -       -     $ 86,745  

June 1 - 30

    -       -       -     $ 86,745  

July 1 - 31

    -       -       -     $ 86,745  

August 1 - 31

    -       -       -     $ 86,745  

September 1 - 30

    -       -       -     $ 86,745  

Dividends


In December 2012, our Board of Directors declared an annual cash dividend on our Class A common stock of $1.00 per share. While the declaration of dividends is at the discretion of our Board of Directors, we intend to pay a recurring quarterly cash dividend of $0.25 per share as we have done since the beginning of 2013. The Board of Directors declared the following dividends for the nine months and three months ended September 30:


   

Nine Months Ended

September 30, 2013

   

Nine Months Ended

September 30, 2012

   

Three Months Ended

September 30, 2013

   

Three Months Ended

September 30, 2012

 

Dividends Declared (in thousands)

  $ 19,821     $ -     $ 6,634     $ -  

Dividend per share

  $ 0.75     $ -     $ 0.25     $ -