Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Equity

Equity

The increase in common stock during the nine months ended September 30, 2014, was primarily due to the issuance of 1,164,518 shares of the Company’s common stock under the Company’s stock-based compensation plans, which was partially offset by share repurchases of 351,565 shares pursuant to the Company's previously announced share repuchase plan for a net increase of 812,953 shares. 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 and third quarter of 2014 as compared to $0.14 during the first quarter of 2014. The third quarter dividend of $23.4 million was declared on August 29, 2014, and was paid on October 17, 2014.