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SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2021
SHAREHOLDERS' EQUITY
8.
SHAREHOLDERS’ EQUITY
Common Stock Dividends
We paid cash dividends of $1.95, $1.775, $3.725, and $3.375 per share of both Common stock and Class B common stock during the quarters and six months ended June 30, 2021 and 2020, respectively.
Non-Vested
Restricted Stock
There were no shares of
non-vested
restricted stock that vested during the quarter and six months ended June 30, 2021. During the quarter and six months ended June 30, 2020, 1,504 shares of Common and Class B common stock with an aggregate fair market value of $243, and 6,332 shares of Common and Class B common stock with an aggregate fair market value of $1,034, 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 six months ended June 30, 2021 and 2020, was $4,377, $3,217, $7,846, and $5,405, respectively.
During the quarter and six months ended June 30, 2021, 2,965 shares of Common stock with an aggregate fair market value of $863 were withheld as payment in lieu of cash for stock option exercises. These shares were retired upon delivery. During the quarter and six months ended June 30, 2020, 4,873 shares of Common stock with an aggregate fair market value of $853 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 June 30, 2021 and 2020, we received net proceeds of $436 and $475, respectively, for shares of our Common stock purchased under our employee stock purchase plan. During the six months ended June 30, 2021 and 2020, we received net proceeds of $841 and $828, respectively, for shares of our Common stock purchased under our employee stock purchase plan.