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Equity
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Equity
Equity

As of June 30, 2015, 450,000,000 shares of our common stock, par value $0.01 per share, were authorized; 137,467,243 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized with no shares issued and outstanding.

In the six months ended June 30, 2015, we issued 346,554 shares, valued at approximately $9.8 million, of our common stock to J&M Holding Enterprises, Inc. (“J&M”), an affiliate of Videri Inc. (“Videri”), or Videri, as applicable, in connection with licenses and services to be received under a development and license agreement (the “Videri Agreement”) with J&M and Videri. We have capitalized the payments, which are related to the development of software and equipment to be utilized within digital displays, as construction in progress within Property and equipment, net, on the Consolidated Statement of Financial Position.

On July 30, 2015, we announced that our board of directors approved a quarterly cash dividend of $0.34 per share on our common stock, payable on September 30, 2015, to stockholders of record at the close of business on September 10, 2015.