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Stockholders' Equity
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity

Stock Repurchase - The Board has authorized three stock repurchase programs for the Company. The Company may purchase shares on the open market from time to time, up to a total of 5.7 million shares. The Board must authorize the timing and amount of these purchases. The Company also has a stock repurchase arrangement by which employee-participants in our 401(k) savings and investment plan are entitled to have shares in AAON, Inc. stock in their accounts sold to the Company. The maximum number of shares to be repurchased is contingent upon the number of shares sold by employee-participants. Lastly, the Company repurchases shares of AAON, Inc. stock from certain of its directors and employees for payment of statutory tax withholdings on stock transactions. Any other repurchases from directors or employees is contingent upon Board approval. All repurchases are done at current market prices.

Our repurchase activity is as follows:
 
Three months ended March 31,
Inception to date
 
2016
2015
Program
Shares
Total $
$ per share
Shares
Total $
$ per share
Shares
Total $
$ per share
Open market
—

$
—

$
—

—

$
—

$
—

3,669,221

$
56,507,802

$
15.40

401(k)
138,680

3,275,139

23.62

128,830

2,906,355

22.56

5,680,622

54,139,398

9.53

Directors and employees
7,604

180,362

23.72

2,100

48,295

23.00

1,851,164

15,020,523

8.11

Total
146,284

$
3,455,501

$
23.62

130,930

$
2,954,650

$
22.57

11,201,007

$
125,667,723

$
11.22



Dividends - At the discretion of the Board of Directors, we pay semi-annual cash dividends. Board approval is required to determine the date of declaration and amount for each semi-annual dividend payment.

Our dividends are as follows:
Declaration Date
Record Date
Payment Date
Dividend per Share
May 19, 2015
June 12, 2015
July 1, 2015
$
0.11

October 29, 2015
December 2, 2015
December 23, 2015
$
0.11