SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11.     SUBSEQUENT EVENTS

        On August 2, 2013, the Company's Board declared a dividend of $0.16 per outstanding share of common stock, or approximately $25 million in total, which will be paid on or about September 27, 2013 to shareholders of record as of September 2, 2013. Although it is the Board's current intention to declare and pay further dividends in 2013, there can be no assurance that such additional dividends will in fact be declared and paid. Any such declaration is at the discretion of the Board and will depend upon factors such as the Company's earnings, financial position and cash requirements.