XML 50 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital Stock
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Capital Stock
Capital Stock
Capital Stock — We have two classes of common shares, Common Voting shares and Class A Common shares. The Class A Common shares are only entitled to vote on the election of the greater of three or one-third of the directors and other matters as required by Ohio law.
Share Repurchase Plan — In November 2012, our board of directors authorized a repurchase program of up to $100 million of our Class A Common shares through December 2014. Shares may be repurchased from time to time at management's discretion, either in the open market, through pre-arranged trading plans or in privately negotiated block transactions. Under the authorization, we repurchased $17.8 million of shares at prices ranging from $16.35 to $19.99 per share during 2014. For the three months ended March 31, 2013, we purchased $10.6 million of shares at prices ranging from $10.83 to $11.77 per share.
In May 2014, our board of directors authorized a new repurchase program of up to $100 million of our Class A Common shares through December 2016.
Information about options outstanding and options exercisable by year of grant as of March 31, 2014 is as follows:
 
 
 
 
 
 
Options Outstanding and Exercisable
Year of Grant
 
Range of Exercise Prices
 
Average Remaining Term
(in years)
 
Options on Shares Outstanding
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
(in millions)
 
 
 
 
 
 
 
 
 
 
 
2004 – expire in 2014
 
$10-11
 
0.46
 
15,373

 
$
10.40

 
$
0.1

2005 – expire in 2015
 
10-11
 
1.04
 
43,188

 
10.90

 
0.3

2006 – expire in 2014
 
10-11
 
0.19
 
63,214

 
10.05

 
0.5

2007 – expire in 2015
 
9-10
 
0.91
 
752,731

 
10.34

 
5.6

2008 – expire in 2016
 
7-10
 
1.99
 
1,821,399

 
8.77

 
16.3

Total
 
$7-11
 
1.62
 
2,695,905

 
$
9.28

 
$
22.8