Shareholders' Equity

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

The following table summarizes the common stock and additional paid-in capital activity during the three months ended March 31, 2015 (in thousands):

Common stock and additional paid-in capital, December 31, 2014	$	1,396
Income tax benefit of common stock options exercised	896
Common stock issued pursuant to stock-based compensation plans, net	4,401
Stock-based compensation arrangements	4,783
Common stock and additional paid-in capital, March 31, 2015	$	11,476

On February 5, 2015, the Company's Board of Directors authorized the repurchase of up to 15.0 million shares of the Company's outstanding common stock in the open market or through privately negotiated transactions. The authorization will expire on February 5, 2017. During the three months ended March 31, 2015, the Company did not repurchase any such shares.

On March 6, 2015, the Company paid a dividend of $0.11 per share on its outstanding common stock to the shareholders of record as of the close of business on February 20, 2015. The total cash payments for dividends in the three months ended March 31, 2015 was $15.4 million.