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Stockholders' Equity
 9 Months Ended
Sep. 30, 2015
Stockholders' Equity  
Stockholders' Equity

 

Note 17—Stockholders’ Equity

 

Common stock — In March 2015, the Company received $1,621 for 96,257 shares of common stock purchased under a long-term incentive plan.  The Company’s Long-Term Retention Plan (“LTR Plan”) for managers and executives allows participants to use a portion of their annual bonus amount to purchase Company common stock at a discount from the market price. The shares purchased in March 2015 were for bonus amounts earned in 2014 and the number of shares was calculated at 75% of the average market closing price for the month of December 2014.  In March 2014, the Company received $1,671 for 77,455 shares of common stock issued under the LTR Plan for bonus amounts earned in the prior year.

 

In March and August 2015, the Company issued 8,168 shares and 9,748 shares of common stock, respectively, as part of the quarterly compensation of the non-employee members of the Board of Directors.  Shares issued to the non-employee members of the Board of Directors in February and September 2014 were 6,375 shares and 6,172 shares, respectively.

 

As discussed in Note 14 — “Stock Based Compensation”, the Board of Directors has granted a total of 148,512 shares of Units under the Equity Plan and these Units have accrued 535 Dividend Equivalent Units.