Annual report pursuant to Section 13 and 15(d)

Equity Structure and Transactions

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Equity Structure and Transactions
12 Months Ended
Dec. 31, 2013
Equity Structure and Transactions

9. Equity Structure and Transactions

As of December 31, 2013 and 2012, the Company was authorized to issue 20 million shares of preferred stock with a par value of $0.00001 per share; however, no preferred shares have been issued or were outstanding as of the respective dates.

During 2013, 2012 and 2011, we paid regular cash dividends of $0.36, $0.32 and $0.16 common share per year, respectively. In December 2013, we paid a special dividend of $0.42 per share or $31.8 million. In December 2012, we paid two special dividends totaling $0.79 per share or $59.0 million. In December 2011, we paid a special dividend of $0.63 per share or $46.9 million. On March 6, 2014, our board of directors declared a cash dividend of $0.10 per common share, payable on March 31, 2014 to shareholders of record on March 18, 2014.