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Subsequent Event
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Event

17. Subsequent Event

Dividend Declaration

On February 4, 2014 the Company’s Board of Directors declared a $0.08 per share quarterly cash dividend on our outstanding common stock. The record date is set for April 1, 2014 and the dividend is payable to shareholders on April 21, 2014. Dividends are declared at the discretion of the Company’s Board of Directors and depend on actual cash from operations, the Company’s financial condition and capital requirements and any other factors the Company’s Board of Directors may consider relevant. Future dividend declarations, as well as the record and payment dates for such dividends, will be determined by the Company’s Board of Directors on a quarterly basis.

Share Repurchase Program

The Company repurchased 75,000 shares of common stock for $2.3 million in the period of January 7 to January 30, 2014, at an average price per share of $30.67, and 77,091 shares of common stock for $2.2 million in the period of February 3 to February 13, 2014, at an average price per share of $28.53. The Company purchased these shares on the open market at prevailing market prices. The Company repurchased 47,832 shares of common stock for $1.4 million in the period of March 3 to March 7, 2014, at an average price per share of $29.69. At March 7, 2014, $41.9 million remains for future purchases under the Plan.