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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2013
Summary of Dividends Declared

The Executive Committee, acting on behalf of the Board of Directors, declared the following dividends during the periods presented:

 

Declaration Date

   Dividend
Per Share
     Record Date      Total Amount
(in thousands)
     Payment Date  

February 5, 2013

   $ 0.13         March 11, 2013       $ 17,983         March 28, 2013   

February 9, 2012

   $ 0.09         March 12, 2012       $ 12,204         March 30, 2012   
Weighted Average Assumptions of Black-Scholes Option-Pricing Model

The fair value of the stock options granted during the three months ended March 31, 2013 was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

Risk-free interest rate

     0.70

Expected volatility

     44.96

Expected life (in years)

     4.08   

Dividend yield

     0.79

Weighted-average estimated fair value of options granted

   $ 22.19