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Capital Stock
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6 Months Ended |
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Jun. 30, 2011
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| Capital Stock | Ìý |
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NOTE 14 – CAPITAL STOCK Public Offering On JuneÌý13, 2011, we completed a public offering of our common shares. The total number of shares sold wasÌý10.35Ìýmillion, comprised of theÌý9.0Ìýmillion share offering and the exercise of an underwriters' over-allotment option to purchase an additionalÌý1.35Ìýmillion shares. The offering resulted in an increase in the number of our common shares issued and outstanding as of JuneÌý30, 2011. We received net proceeds of approximately $853.7 million at a sales price to the public of $85.63 per share. Dividends On MayÌý11, 2010, our Board of Directors increased our quarterly common share dividend from $0.0875 to $0.14 per share. The increased cash dividend was paid on JuneÌý1, 2010,ÌýSeptemberÌý1, 2010, and DecemberÌý1, 2010 to shareholders on record as of MayÌý14, 2010,ÌýAugustÌý13, 2010, and NovemberÌý19, 2010, respectively. In addition, the increased cash dividend was paid on MarchÌý1, 2011 and JuneÌý1, 2011 to shareholders on record as of FebruaryÌý15, 2011 and AprilÌý29, 2011, respectively. On JulyÌý12, 2011, our Board of Directors increased the quarterly common share dividend byÌý100 percent to $0.28 per share. The increased cash dividend will be payable on SeptemberÌý1, 2011 to shareholders on record as of the close of business on AugustÌý15, 2011. Ìý Amendment to the Second Amended Articles of Incorporation On MayÌý25, 2011, our shareholders approved an amendment to our Second Amended Articles of Incorporation to increase the number of authorized Common Shares fromÌý224,000,000 to 400,000,000, which resulted in an increase in the total number of authorized shares fromÌý231,000,000 to 407,000,000. The total number of authorized shares includesÌý3,000,000 andÌý4,000,000 shares of ClassÌýA and Class B, respectively, of unauthorized and unissued preferred stock. |
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- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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