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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
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, 2014

   $ 0.15         March 10, 2014       $ 19,602         March 27, 2014   

February 5, 2013

   $ 0.13         March 11, 2013       $ 17,983         March 28, 2013   
Weighted Average Assumptions of Black-Scholes Option-Pricing Model

The fair value of the stock options granted during the three months ended March 31, 2014 was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

Risk-free interest rate

     1.12

Expected volatility

     43.02

Expected life (in years)

     4.08   

Dividend yield

     0.76

Weighted-average estimated fair value of options granted

   $ 25.91