COMMON STOCK AND OTHER PAID IN CAPITAL

9 Months Ended

Sep. 30, 2012

Equity [Abstract]

COMMON STOCK AND OTHER PAID-IN CAPITAL

NOTE 9.COMMON STOCK AND OTHER PAID-IN CAPITAL

Dividends

The following dividend declarations were made by the BOD of NVE:

Declaration Date		Amount	Payable Date	Shareholders of Record Date
February 10, 2012	$	0.13	March 21, 2012	March 6, 2012
May 7, 2012	$	0.17	June 20, 2012	June 5, 2012
August 2, 2012	$	0.17	September 19, 2012	September 4, 2012
November 7, 2012	$	0.17	December 19, 2012	December 4, 2012

On November 7, 2012, NPC declared a dividend to NVE of $65 million. For the nine months ended September 30, 2012, NPC and SPPC paid dividends to NVE of $119 million and $20 million, respectively.

Treasury Stock

NVE periodically repurchases common stock on the open market for the purpose of meeting the requirements of its stock compensation plans; such purchases were not made pursuant to a publicly announced stock repurchase plan or program. All shares repurchased are held as treasury stock and may be reissued upon exercise or settlement of the stock compensation award. Treasury stock is accounted for using the cost method. During the nine months ended September 30, 2012, NVE repurchased 252,000 shares of common stock for approximately $4.5 million.