COMMON STOCK AND OTHER PAID-IN CAPITAL

3 Months Ended

Mar. 31, 2013

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 7, 2013	$	0.19	March 20, 2013	March 5, 2013
May 8, 2013	$	0.19	June 19, 2013	June 4, 2013

On May 8, 2013, NPC and SPPC declared dividends payable to NVE of $30.0 million and $20.0 million, respectively. For the three months ended March 31, 2013, NPC paid dividends to NVE of $50.0 million.

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 three months ended March 31, 2013, NVE repurchased 197,178 shares of common stock for approximately $3.7 million. During the three months ended March 31, 2013, NVE re-issued 644,536 treasury shares to satisfy employee benefit plans.