Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Issued share capital

The issued share capital consists of the following:

	September 30, 2014		December 31, 2013
Common shares issued and fully paid, 2014: CHF 4.10 per share; 2013: CHF 4.10 per share	100,775,256		103,477,452
Share capital at end of period	$	407,990	$	418,988

Schedule of common stock outstanding roll forward

	Nine Months Ended September 30, 2014
Shares issued at beginning of period	103,477,452
Shares cancelled	(2,702,196	)
Total shares issued at end of period	100,775,256
Treasury shares issued at beginning of period	3,223,806
Shares repurchased	4,616,543
Shares issued out of treasury	(745,135	)
Shares cancelled	(2,702,196	)
Total treasury shares at end of period	4,393,018
Total shares outstanding at end of period	96,382,238

Dividends paid

The Company paid the following dividends during the nine months ended September 30, 2014:

Dividend Paid	Dividend Per Share		Total Amount Paid
January 2, 2014	$	0.167	$	16,732
April 3, 2014	$	0.167	$	16,495
July 2, 2014	$	0.225	$	21,870

Share repurchases

The Company’s share repurchases were as follows:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2014		2013		2014		2013
Common shares repurchased	654,851		1,282,164		4,616,543		4,103,499
Total cost of shares repurchased	$	24,996	$	40,574	$	164,528	$	123,145
Average price per share	$	38.17	$	31.64	$	35.64	$	30.01