STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

14.   STOCKHOLDERS' EQUITY

        As of December 31, 2012 and 2013, the Company's issued and outstanding share capital was as follows:

Type	December 31, 2012		December 31, 2013
Common stock issued		158,160,719		158,210,719
Less: Common stock held in treasury		—		(2,500,000	)
Common stock outstanding		158,160,719		155,710,719

Stock repurchase program

        On March 4, 2013, the Board of Directors approved an open market stock repurchase program, pursuant to which the Company was authorized to repurchase up to 2.5 million shares of common stock in the market for use under the Company's 2013 Equity Incentive Plan (the "Plan"). During the period ended December 31, 2013, the Company repurchased 2,500,000 shares of its common stock at an average price of $11.89 per share for a total of $29,727. Treasury stock is accounted for under the cost method.

        The Company's certificate of incorporation authorizes the Company to issue 175,772,173 shares of common stock and, as of December 31, 2013, 155,710,719 shares were issued and outstanding. Each holder of common stock is entitled to one vote for each share of common stock held of record on all matters on which stockholders generally are entitled to vote.

        During 2011, 2012 and 2013, the Company's former and current employees exercised options to purchase an aggregate of 364,324, 840,649 and 50,000 shares of common stock, respectively, for aggregate consideration of $5,352, $4,616 and $454, respectively. See details in Note 15.

Dividends

        In 2013, the following dividends were declared and paid:

Declaration date	Per Share Dividend		Aggregate Dividend		Record Date		Payment Date
March 5, 2013	$	0.15	$	23,724		March 20, 2013	March 26 and April 8, 2013
April 30, 2013	$	0.16	$	25,216		June 3, 2013	June 26, 2013
August 2, 2013	$	0.16	$	24,914		September 2, 2013	September 26, 2013
November 5, 2013	$	0.16	$	24,914		December 2, 2013	December 27, 2013