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SHAREHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2020
SHAREHOLDERS' EQUITY
11.
SHAREHOLDERS’ EQUITY
Common Stock Dividends
We paid cash dividends of $1.775, $1.60, $5.15, and $4.80 per share of both Common stock and Class B common stock during the quarters and nine months ended September 30, 2020 and 2019, respectively.
Non-Vested
Restricted Stock
During the quarter and nine months ended September 30, 2020, 5,361 shares of Common and Class B common stock with an aggregate fair market value of $1,265, and 11,693 shares of Common and Class B common stock with an aggregate fair market value of $2,299, respectively, were withheld as payment in lieu of cash to satisfy tax withholding obligations in connection with the vesting of
non-vested
restricted stock. These shares were retired upon delivery. During the quarter and nine months ended September 30, 2019, 3,231 shares of Common stock with an aggregate fair market value of $535, and 9,824 shares of Common and Class B common stock with an aggregate fair market value of $1,518, respectively, were withheld as payment in lieu of cash to satisfy tax withholding obligations in connection with the vesting of
non-vested
restricted stock. These shares were retired upon delivery.
Exercise of Stock Options
Cash received from Common stock issued as a result of stock options exercised during the quarters and nine months ended September 30, 2020 and 2019, was $6,573, $3,986, $11,978, and $6,229, respectively.
During the quarter and nine months ended September 30, 2020, 6,582 shares of Common stock with an aggregate fair market value of $1,490, and 11,455 shares of Common stock with an aggregate fair market value of $2,343, respectively, were withheld as payment in lieu of cash for stock option exercises. These shares were retired upon delivery. During both the quarter and nine months ended September 30, 2019, 799 shares of Common stock with an aggregate fair market value of $134 were withheld as payment in lieu of cash for stock option exercises. These shares were retired upon delivery.
Employee Stock Purchase Plan
During the quarters ended September 30, 2020 and 2019, we received net proceeds of $401 and $418, respectively, for shares of our Common stock purchased under our employee stock purchase plan. During the nine months ended September 30, 2020 and 2019, we received net proceeds of $1,229 and $1,251, respectively, for shares of our Common stock purchased under our employee stock purchase plan.