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Common Shares
9 Months Ended
Sep. 30, 2013
Common Shares  
Common Shares

Note 7 Common Shares

 

During the nine months ended September 30, 2013, our employees exercised vested options to acquire .5 million of our common shares, resulting in proceeds of $4.4 million. During the nine months ended September 30, 2012, our employees exercised vested options and surrendered unexercised vested stock options to acquire 1.1 million of our common shares. We received $17.0 million relating to exercised options. We used approximately $21.0 million to repurchase surrendered unexercised vested options and to satisfy related tax withholding obligations pursuant to stock option share settlements and exercises by some employees. For the nine months ended September 30, 2013 and 2012, we withheld .2 million and .1 million, respectively, of our common shares with a fair value of $3.1 million and $2.1 million, respectively, to satisfy tax withholding obligations in connection with the vesting of all stock awards.

 

During the three months ended September 30, 2013, our Board declared a cash dividend of $0.04 per common share to our shareholders.  This quarterly cash dividend was paid on September 27, 2013 to shareholders of record on September 6, 2013.  During the nine months ended September 30, 2013, we paid cash dividends totaling $35.4 million.