Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Dividends

The Board of Directors approved the following dividends in 2013 (in millions, except share data):

Declaration Date	Dividend Per Share	Record Date	Total Cash Payment Amount	Payment Date
May 2, 2013	$0.19	May 24, 2013	$2.2	June 17, 2013
August 1, 2013	$0.19	August 23, 2013	NA (1)	September 16, 2013

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(1) Amount will be determined based on common stock outstanding as of record date.

In lieu of our first quarter 2013 dividend, the Board of Directors declared an accelerated cash dividend of $0.19 per common share on December 20, 2012, which resulted in an aggregate dividend payment to shareholders of $2.2 million on December 31, 2012.

Repurchase of Common Stock

In May 2013, our Board of Directors authorized a $30 million increase to our stock repurchase plan. At the time of increase, we had $2.3 million remaining under our stock repurchase plan that was then in place. The timing and amount of the purchases are based on market conditions, our cash and liquidity requirements, relevant securities laws and other factors. The share repurchase program may be discontinued or amended at any time. The program has no expiration date and expires when the amount authorized has been expended or the Board withdraws its authorization. As of June 30, 2013, there was $32 million available for future share repurchases under the program.

The following table summarizes our stock repurchase activities for the three and six months ended June 30, 2013 and 2012 (in millions, except share data):

	Three Months Ended June 30,			Six Months Ended June 30,
	2013		2012	2013		2012
Number of shares repurchased	5,502		—	77,609		17,800
Average price per share	$	57.48	NA	$	49.56	$	39.50
Total repurchase costs	$	0.3	—	$	3.8	$	0.7