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Shareholders' Equity
 12 Months Ended
Dec. 31, 2020
Federal Home Loan Banks [Abstract]  
Shareholders' Equity
16. SHAREHOLDERS’ EQUITY
Dividends
The Company declared cash dividends per ordinary share during the periods presented as follows:
 
    
2018
     
2019
     
2020
  
    
Dividends
Per Share
(US$)
     
Amount
(in US$
thousand)
     
Dividends
Per Share
(US$)
     
Amount
(in US$
thousand)
     
Dividends
Per Share
(US$)
     
Amount
(in US$
thousand)
  
First quarter
    $ 0.075      $ 10,832      $ 0.075      $ 10,956      $ 0.0875      $ 12,301  
Second quarter
    $ 0.075        10,835      $ 0.075        10,957      $ 0.0875        12,301  
Third quarter
    $ 0.075        10,843      $ 0.075        10,029      $ 0.0875        12,303  
Fourth quarter
    $ 0.075        10,849      $ 0.0875        12,171      $ 0.0875        12,089  
             
 
 
              
 
 
              
 
 
  
              $ 43,359               $ 44,113               $ 48,994  
             
 
 
              
 
 
              
 
 
  
On
November 2, 2015, the board of directors,
began
declaring
,
 declared an annual dividend payable in four quarterly installments. The board of directors declared annual dividends of US$1.20, US$1.40 and US$1.40, equivalent to US$0.30, US$0.35 and US$0.35 per common share, payable in four quarterly installments on October 29, 2018, October 25, 2019 and October 26, 2020, respectively. Future dividends, if any, will be declared by and subject to the discretion of the Company’s board of
directors.
Share Repurchase
On November 21, 2018, the board of directors of the Company 
authorized a plan
 
to repurchase up to US$200 million of the Company’s ADSs over a 24 month period. On October 26, 2020, the Board of Directors of the Company to November 21, 2021. The
repurchase plan does
not obligate the Company to acquire any particular amount of ADS
and may be modified or suspended at any time at the Company’s discretion.
For the years ended December 31, 2018, 2019 and 2020, the Company repurchased 1,006 thousand, 762 thousand and 626 thousand ADSs for a total cost of US$34,755 thousand, US$25,103 thousand and US$25,044 thousand, respectively. The weighted average purchase price per ADS repurchased was US$34.54, US$32.82 and US$39.93 in 2018, 2019 and 2020, respectively.