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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2017
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY The following table summarizes information about shares of the Company’s common stock at:
| June 30, |  | December 31,
(In thousands) | 2017 |  | 2016 |  | 2016
Common stock authorized | 75,000 |  |  | 75,000 |  |  | 75,000 |
Common stock issued | 27,610 |  |  | 27,271 |  |  | 27,434 |
Treasury stock | 2,684 |  |  | 2,684 |  |  | 2,684 |
The following reconciliation details the denominator used in the computation of basic and diluted earnings per share:
| Six Months Ended June 30, |  | Three Months Ended June 30,
(In thousands) | 2017 |  | 2016 |  | 2017 |  | 2016
Weighted average shares outstanding for basic earnings per share | 24,959 |  |  | 24,542 |  |  | 24,992 |  |  | 24,662 |
Common stock equivalents pertaining to stock-based awards | 337 |  |  | 280 |  |  | 313 |  |  | 254 |
Weighted average shares outstanding for diluted earnings per share | 25,296 |  |  | 24,822 |  |  | 25,305 |  |  | 24,916 |
The weighted average diluted shares outstanding for the six months ended June 30, 2017 and 2016, exclude the effect of 143,658 and 243,197 shares of common stock, respectively, subject to stock-based awards. The weighted average diluted shares outstanding for the three months ended June 30, 2017 and 2016, exclude the effect of 144,046 and 244,219 shares of common stock, respectively, subject to stock-based awards. Such shares were excluded from total diluted shares because they were anti-dilutive or the specified performance conditions those shares were subject to were not yet achieved. In 2016, the Company initiated the payment of regular quarterly dividends. The table below summarizes the regular quarterly dividends declared and paid during the periods ended June 30, 2017 and December 31, 2016:
(In thousands, except per share data) | Per Share |  | Record Date |  | Payment Date |  | Total Paid
First Quarter 2016 | $ | 0.30 |  |  | 04/01/16 |  | 04/15/16 |  | $ | 7,344 |
Second Quarter 2016 | 0.30 |  |  | 06/06/16 |  | 06/17/16 |  | 7,363 |
Third Quarter 2016 | 0.30 |  |  | 08/19/16 |  | 09/02/16 |  | 7,371 |
Fourth Quarter 2016 | 0.50 |  |  | 11/28/16 |  | 12/09/16 |  | 12,359 |
Total 2016 | $ | 1.40 |  |  |  |  |  |  | $ | 34,437 |
First Quarter 2017 | $ | 0.50 |  |  | 03/06/17 |  | 03/17/17 |  | $ | 12,442 |
Second Quarter 2017 | 0.50 |  |  | 05/19/17 |  | 06/02/17 |  | 12,445 |
Six Months Ended June 30, 2017 | $ | 1.00 |  |  |  |  |  |  | $ | 24,887 |
In February 2017, the Company issued 63,677 deferred stock units at the average price of $108.47, or $6.9 million, to executive officers in lieu of cash for a portion of their 2016 incentive compensation. In February 2016, the Company issued 4,784 deferred stock units at the average price of $55.22, or $0.3 million, to executive officers in lieu of cash for a portion of their 2015 incentive compensation.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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