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Equity
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Equity
Equity

The decrease in common stock during the nine months ended September 30, 2016, was primarily due to share repurchases of 8,041,358 shares pursuant to the Company's previously announced share repurchase plan, which was partially offset by the issuance of 4,632,945 shares of the Company’s common stock under the Company’s stock-based compensation plans for a net decrease of 3,408,413 shares.

The Company announced a $.005 per share increase in its quarterly cash dividend rate during the second quarter of 2016. As such, the Company recorded a cash dividend of $0.090 during the second and third quarters of 2016 as compared to a cash dividend of $.085 per share during the first quarter of 2016. The third quarter 2016 dividend of $25.9 million, was declared on August 31, 2016, and was paid on October 19, 2016.