Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Issued share capital

The issued share capital consists of the following:

	December 31,
	2013		2012
Common shares issued and fully paid, 2013: CHF 12.30 per share; 2012: CHF 12.64 per share	34,492,484		36,369,868
Share capital at end of year	$	418,988	$	454,980

Schedule of common stock outstanding roll forward

	2013		2012
Shares issued at beginning of year	36,369,868		40,003,642
Shares cancelled	(1,877,384	)	(3,633,774	)
Total shares issued at end of year	34,492,484		36,369,868
Treasury shares issued at beginning of year	1,572,087		2,261,511
Shares repurchased	1,848,144		3,655,959
Shares issued out of treasury	(468,245	)	(711,609	)
Shares cancelled	(1,877,384	)	(3,633,774	)
Total treasury shares at end of year	1,074,602		1,572,087
Total shares outstanding at end of year	33,417,882		34,797,781

Dividends paid

The Company paid the following dividends during the years ended December 31, 2013, 2012 and 2011:

Dividend Paid	Partial Par Value Reduction Per Share		Dividend Per Share		Total Amount Paid
October 3, 2013		N/A	$	0.500	$	16,952
July 3, 2013		N/A	$	0.500	$	17,117
March 12, 2013	CHF	0.34	$	0.375	$	12,981
December 18, 2012	CHF	0.34	$	0.375	$	13,010
September 25, 2012	CHF	0.35	$	0.375	$	13,324
August 6, 2012	CHF	0.36	$	0.375	$	13,394
April 6, 2012	CHF	0.34	$	0.375	$	13,795
January 6, 2012	CHF	0.35	$	0.375	$	14,302
October 7, 2011	CHF	0.32	$	0.375	$	14,305
August 5, 2011	CHF	0.30	$	0.375	$	14,295

Share repurchases

The Company’s share repurchases were as follows:

	Year Ended December 31,
	2013		2012		2011
Common shares repurchased	1,848,144		3,655,959		1,419,163
Total cost of shares repurchased	$	174,686	$	263,942	$	86,700
Average price per share	$	94.52	$	72.20	$	61.09