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Common Stock (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of Dividends Declared
Dividends — The Company declared cash dividends during the periods presented as follows:
Dividend
Per Share
Amount
2020:
Third quarter (1)
$1.530 $400,311 
Second quarter0.030 7,771 
First quarter0.030 7,666 
Total$1.590 $415,748 
2019:
Third quarter$0.025 $6,380 
Second quarter0.025 6,375 
First quarter0.025 6,268 
Total$0.075 $19,023 
(1)On August 28, 2020, the Company’s board of directors declared a Special Dividend of $1.50 per share of the Company’s common stock ($392,489 in the aggregate) payable to all stockholders of record as of August 31, 2020, including dividends which accrue on certain unvested restricted stock and RSUs. In connection with the Special Dividend declaration, an in kind adjustment was made to phantom shares issuable pursuant to the DCP (see Note 12) and the exercise price of all outstanding stock options at that time were reduced by $1.50, but not lower than $0.01 (see Note 15).