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Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Federal Home Loan Banks [Abstract]  
Stockholders' Equity
15) Stockholders’ Equity

Share Repurchase Program

On July 25, 2011, the Company’s Board of Directors approved a share repurchase program for the repurchase of up to an aggregate of $200,000 of its outstanding common stock from time to time in open market purchases, privately negotiated transactions or through other appropriate means. The timing and quantity of any shares repurchased will depend upon a variety of factors, including business conditions, stock market conditions and business development activities, including, but not limited to, merger and acquisition opportunities. These repurchases may be commenced, suspended or discontinued at any time without prior notice. The Company has repurchased approximately 1,770,000 shares of common stock for approximately $52,000 pursuant to the program since its adoption. During the three and six months ended June 30, 2018 and 2017, there were no repurchases of common stock.

Cash Dividends

Holders of the Company’s common stock are entitled to receive dividends when they are declared by the Company’s Board of Directors. The Company’s Board of Directors declared a cash dividend of $0.18 per share during the first quarter of 2018 and $0.20 per share during the second quarter of 2018, which totaled $20,750 or $0.38 per share. The Company’s Board of Directors declared a cash dividend of $0.175 per share during the first and second quarters of 2017, which totaled $18,903 or $0.35 per share.

On July 30, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share to be paid on September 7, 2018 to shareholders of record as of August 27, 2018. Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors. In addition, under the terms of the Company’s senior secured Term Loan Facility and its senior secured asset-based revolving credit facility, the Company may be restricted from paying dividends under certain circumstances.