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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Cash Dividends Declared to Stockholders
Year
Declaration Date
 
Record Date
 
Payment Date
 
Per Share
Amount
 
Total
Payment(1)
 
 
 
 
 
 
 
 
 
 
(Dollars in
thousands)
 
2011
February 23
 
March 17
 
March 31
 
$
0.250

 
 
 
 
May 4
 
May 20
 
June 24
 
0.250

 
 
 
 
July 27
 
August 19
 
September 9
 
0.250

 
 
 
 
October 26
 
November 18
 
December 9
 
0.250

 
 
 
 
Total
 
 
 
 
 
1.000

 
$
22,121

 
2012
February 22
 
March 16
 
March 30
 
0.250

 
 
 
 
May 3
 
May 18
 
June 24
 
0.250

 
 
 
 
July 30
 
August 17
 
September 9
 
0.125

(2) 
 
 
 
November 1
 
November 16
 
December 7
 
0.125

 
 
 
 
Total
 
 
 
 
 
0.750

 
16,512

 
2013
March 4
 
March 15
 
March 29
 
0.125

 
 
 
 
 
 
 
 
April 26
 
 
 
1,513

(3) 
 
May 9
 
May 20
 
June 25
 
0.125

 
 
 
 
August 1
 
August 19
 
September 10
 
0.125

 
 
 
 
November 5
 
November 20
 
December 10
 
0.125

 
 
 
 
 
 
 
 
 
 
0.500

 
12,312

 
Total
 
 
 
 
 
 
$
2.250

 
$
50,945

 
 
(1) 
The total payment reflects the cash dividends paid in relation to common stock, vested RSUs and vested restricted stock.
(2) 
On July 30, 2012, our Board of Directors reset the quarterly cash dividends rate to $0.125 per share of common stock from $0.25 per share of common stock.
(3) 
The payment reflects the accumulated cash dividends earned on vested RSUs associated with the 2009 LTIP.
Common Stock Purchased Including Purchase of Common Stock for Tax Withholdings
Common stock purchased in 2013, 2012 and 2011 (including the purchase of common stock for tax withholdings) was as follows:
 
For the Three Months Ended
Total Number
of Shares
Purchased
 
Average Price
Paid Per
Share(1)
 
Total Number of
Shares Purchased
as Part of
Publicly
Announced Plans
or Programs
 
Approximate
Dollar Value of
Shares That May
Yet Be Purchased
Under the Publicly
Announced Plans
or Programs(2)
(Dollars in thousands)
2011
 
 
 
 
 
 
 
March 31,
20,027

(3) 
$
15.21

 

 
$
16,135

June 30,

 

 

 
16,135

September 30,

 

 

 
16,135

December 31,

 

 

 
16,135

Total for 2011
20,027

 
$
15.21

 

 
 
2012
 
 
 
 
 
 
 
March 31,
21,657

(4) 
$
14.10

 

 
16,135

June 30,

 

 

 
16,135

September 30,
434,982

 
11.30

 
434,982

 
20,085

December 31,
277,191

 
11.26

 
277,191

 
16,964

Total for 2012
733,830

 
$
11.37

 
712,173

 
 
2013
 
 
 
 
 
 
 
March 31,

 
$

 

 
16,964

June 30,
108,459

(5) 
12.92

 

 
16,964

September 30,

 

 

 
16,964

December 31,

 

 

 
16,964

Total for 2013
108,459

 
$
12.92

 

 
 
Total
862,316

 
$
11.65

 
712,173

 
 

(1) 
Average price paid per share excludes commissions.
(2) 
On July 31, 2008, our Board of Directors approved a program to repurchase up to $50.0 million of our common stock in the open market during the twelve month period commencing on or about August 5, 2008. Our Board of Directors approved a supplement effective March 3, 2009 which reset the repurchase authority to $25.0 million as of January 1, 2009 and extended the purchase period through December 31, 2009. On November 30, 2009, our Board of Directors approved a further extension of the purchase period from December 31, 2009 to March 31, 2010. On March 3, 2010, our Board of Directors approved a supplement to the program to repurchase our common stock in the open market effective March 3, 2010 which reset the repurchase authority to $25.0 million as of January 1, 2010 and extended the purchase period through December 31, 2010. On December 6, 2010, our Board of Directors approved another supplement effective January 3, 2011 which reset the repurchase authority to $25.0 million as of January 3, 2011 and extended the purchase period through December 31, 2011. During the first quarter of 2011, our Board of Directors temporarily suspended the program. On July 24, 2012, our Board of Directors approved an additional supplement to the common stock repurchase program effective August 1, 2012 which reset the repurchase authority to $25.0 million as of August 1, 2012 and extended the purchase period through December 31, 2013. On December 19, 2013, our Board of Directors approved a further extension of the purchase period from December 31, 2013 to December 31, 2014 and reset the repurchase authority to $15.0 million as of January 1, 2014.
(3) 
The total number of shares purchased were from our President and Chief Executive Officer ("CEO") at a price of $15.21 per share in payment of required tax withholdings for common stock issued in March 2011 under the 2010 Short-Term Incentive Plan ("STIP").
(4) 
The total number of shares purchased were from our CEO at a price of $14.10 per share in payment of required tax withholdings for common stock issued in March 2012 under the 2011 STIP.
(5) 
On April 23, 2013, we purchased a total of 108,459 shares of common stock from our CEO and other eligible employees at a price of $12.92 per share in payment of required tax withholdings for the common stock awarded under the 2012 STIP and the 2009 LTIP.
Basic and Diluted Net Income Per Common Shares
The components of basic and diluted net income per common share were as follows for the periods stated:
 
 
For the Year Ended December 31,
 
2013
 
2012
 
2011
 
(Dollars in thousands, except share
and per share amounts)
Net income
$
27,530

 
$
26,984

 
$
83,786

Weighted average shares of common stock outstanding
21,648,654

 
21,924,748

 
22,083,942

Dilutive effect of restricted stock and RSUs
361,869

 
472,839

 
425,066

Weighted average shares of common stock and common stock equivalents
22,010,523

 
22,397,587

 
22,509,008

Net income per common share
 
 
 
 
 
Basic
$
1.27

 
$
1.23

 
$
3.79

Diluted
$
1.25

 
$
1.20

 
$
3.72

Activities Under Equity Plan
The following table summarizes the activities under the 2012 Equity Plan as of December 31, 2013:
 
 
Activity
Total equity securities available at May 16, 2012
2,194,986

Add: 2011 LTIP RSUs forfeited by eligible employees
152,044

Add: Restricted Stock forfeited by non-executive members of the Board of Directors
3,189

Less: 2011 LTIP RSUs awarded to eligible employees


Wireless operations
(392,719
)
Software operations
(164,765
)
Less: Restricted Stock awarded to non-executive members of the Board of Directors
(30,281
)
Less: Short-Term Incentive Plan (“STIP”) common stock awarded to an eligible employee
(41,702
)
Total equity securities available at December 31, 2013
1,720,752

Additional Awards Under 2011 LTIP
The following table details activities with respect to outstanding RSUs under the 2011 LTIP for the year ended December 31, 2013:
 
 
Shares
 
Weighted-
Average Grant
Date Fair Value
 
Total Unrecognized Compensation Cost (net of estimated forfeitures)
(In thousands)
 
Weighted-Average
Period Over Which
Cost is  Expected to
be Recognized
(In months)
Non-vested RSUs at January 1, 2013
 
232,966

 
$
11.20

 
 
 
 
Granted
 
434,811

 
12.76

 
 
 
 
Vested
 

 

 
 
 
 
Forfeited
 
(50,750
)
 
11.20

 
 
 
 
Non-vested RSUs at December 31, 2013
 
617,027

 
$
12.30

 
$
3,573

 
12
Restricted Stock Vested by or Granted to Non-Executive Directors
The following table details information on the restricted stock awarded to our non-executive directors during the three years ended December 31, 2013:
 
Service for the three months ended
Grant Date
 
Price
Per
Share(1)
 
Restricted Stock Awarded
 
Restricted Stock Vested or Forfeited(2)
 
Vesting Date
 
Restricted Stock Awarded and Outstanding(2)
 
Cash Dividends Paid(3)
December 31, 2010
January 3, 2011
 
$
17.77

 
2,955

 
(2,955
)
 
January 2, 2012
 

 
$
2,955

March 31, 2011
April 1, 2011
 
14.48

 
3,627

 
(3,627
)
 
April 2, 2012
 

 
3,627

June 30, 2011
July 1, 2011
 
15.26

 
3,439

 
(3,439
)
 
July 2, 2012
 

 
3,439

September 30, 2011
October 3, 2011
 
13.20

 
3,979

 
(3,979
)
 
October 1, 2012
 

 
3,482

December 31, 2011
January 3, 2012
 
13.87

 
3,785

 
(3,785
)
 
January 2, 2013
 

 
2,839

March 31, 2012
April 2, 2012
 
13.93

 
3,769

 
(3,769
)
 
April 1, 2013
 

 
2,356

June 30, 2012
July 2, 2012
 
12.86

 
4,084

 
(4,084
)
 
July 1, 2013
 

 
2,042

September 30, 2012
October 1, 2012
 
11.87

 
5,263

 
(5,263
)
 
October 1, 2013
 

 
2,211

December 31, 2012
January 2, 2013
 
11.68

 
5,350

 
(856
)
 
 
 
4,494

 

March 31, 2013
April 1, 2013
 
13.27

 
4,712

 
(754
)
 
 
 
3,958

 

June 30, 2013
July 1, 2013
 
13.57

 
4,606

 
(737
)
 
 
 
3,869

 

September 30, 2013
October 1, 2013
 
14.16

 
6,266

 

 
 
 
6,266

 

Total
 
 
 
 
51,835

 
(33,248
)
 
 
 
18,587

 
$
22,951


 
(1) 
The quarterly restricted stock awarded is based on the price per share of our common stock on the last trading day prior to the quarterly award date.
(2) 
Amount includes forfeitures of 3,189 restricted stock resulting from a director's voluntary resignation from the Board.
(3) 
Amount excludes interest earned and paid upon vesting of shares of restricted stock.
Schedule of Stock Based Compensation Expense Awards under Equity Plans
The following table reflects the stock based compensation expense for the awards under the Equity Plans:
 
 
For the Year Ended December 31,
Equity Awards
2013
 
2012
 
2011
 
(Dollars in thousands)
2009 LTIP
$

 
$
897

 
$
733

2011 LTIP - Wireless Operations
2,046

 

 

2011 LTIP - Software Operations
777

 
117

 
587

Board of Directors Compensation
222

 
210

 
210

Total stock based compensation
$
3,045

 
$
1,224

 
$
1,530