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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2022
SHAREHOLDERS' EQUITY
7.
SHAREHOLDERS’ EQUITY
At-the-Market
Offering Program
On August 6, 2021, we entered into a sales agreement with Robert W. Baird & Co. Inc. (“Baird”), which enables the Company to issue and sell shares of Common stock in one or more negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), for a maximum aggregate offering amount of up t
o $300,000
(
the “ATM Program”). The offer and sale of our Common stock pursuant to the ATM Program has been registered under the Securities Act pursuant to our automatically effective shelf registration statement on Form
S-3
(File
No. 333-260758).
On February 25, 2022, we entered into an amended and restated sales agreement
, toget
h
er
with Baird and Goldman Sachs & Co. LLC (“GS”), for the purpose of adding GS as an additional sales agent and making necessary conforming changes. The amended and restated sales agreement otherwise retains all material terms of the original sales agreement.
As of March 
31
,
2022
,
no
shares of Common stock had been sold under the ATM Program.
Common Stock Dividends
We paid
cash
dividends of $1.95 and $1.775 per sh
are of both Com
mon st
ock and Class B c
ommon stock during the quarters ended March 31, 2022 and 2021, respectively.
Exercise of Stock Options
Cash received from the exercise of stock options during the quarters ended March 31, 2022 and 2021 was $3,955 and $3,469, respectively.
Employee Stock Purchase Plan
During the quarters ended March 31, 2022 and 2021, we received net proceeds of $465 and $405, respectively, for shares of our Common stock purchased under our employee stock purchase plan.