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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2023
SHAREHOLDERS' EQUITY
9.
SHAREHOLDERS’ EQUITY
At-the-Market
Offering Program
On February 25, 2022, we entered into an amended and restated sales agreement with Robert W. Baird & Co. Inc. and Goldman Sachs & Co. LLC, 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 to $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).
As of March 31, 2023, no shares of Common stock had been sold under the ATM Program.
 
Common Stock Dividends
We paid cash dividends of $2.45 and $1.95 per share o
n
both Common and Class B common stock during the quarters ended March 31, 2023 and 2022, respectively.
Restricted Stock
During the quarter ended March 31, 2023,
 a total of
6,047 shares of Common and Class B common stock with an aggregate fair market value of $1,664 were withheld as payment in lieu of cash to satisfy tax withholding obligations in connection with the vesting of restricted stock. These shares were retired upon delivery.
Exercise of Stock Options
Cash received from the exercise of stock options during the quarters ended March 31, 2023 and 2022 was $8,168 and $3,955, respectively.
During quarter ended March 31, 2023,
 a tot
al of
 15,655 shares of Common stock with an aggregate fair market value of $4,788 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 March 31, 2023 and 2022, we received net proceeds of $579 and $465, respectively, for shares of our Common stock purchased under our employee stock purchase plan.