Equity

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Equity

Equity

The increase in common stock during the six months ended June 30, 2014, was primarily due to the issuance of 679,044 shares of the Company’s common stock under the Company’s stock-based compensation plans. The Company announced a $.02 per share increase in its quarterly cash dividend rate during the second quarter of 2014. As such, the Company had a recorded cash dividend of $0.16 per share in the second quarter of 2014 as compared to $0.14 during the first quarter of 2014. The second quarter dividend of $23.4 million was declared on May 15, 2014, and was paid on July 18, 2014.