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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2018
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY The following table summarizes information about shares of the Company’s common stock at:
| September 30, |  | December 31,
(In thousands) | 2018 |  | 2017 |  | 2017
Common stock authorized | 75,000 |  |  | 75,000 |  |  | 75,000 |
Common stock issued | 27,902 |  |  | 27,625 |  |  | 27,674 |
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:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Weighted average shares outstanding for basic earnings per share | 25,235 |  |  | 25,060 |  |  | 25,208 |  |  | 24,993 |
Common stock equivalents pertaining to stock-based awards | 269 |  |  | 399 |  |  | 301 |  |  | 339 |
Weighted average shares outstanding for diluted earnings per share | 25,504 |  |  | 25,459 |  |  | 25,509 |  |  | 25,332 |
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been anti-dilutive | 114 |  |  | 64 |  |  | 106 |  |  | 117 |
The table below summarizes the regular quarterly dividends declared and paid during the periods ended September 30, 2018 and December 31, 2017:
(In thousands, except per share data) | Per Share |  | Record Date |  | Payment Date |  | Total Paid
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 |
Third Quarter 2017 | 0.50 |  |  | 08/18/17 |  | 09/01/17 |  | 12,459 |
Fourth Quarter 2017 | 0.55 |  |  | 11/17/17 |  | 12/01/17 |  | 13,711 |
Total 2017 | $ | 2.05 |  |  |  |  |  |  | $ | 51,057 |
First Quarter 2018 | $ | 0.55 |  |  | 03/16/18 |  | 03/29/18 |  | $ | 13,858 |
Second Quarter 2018 | 0.60 |  |  | 06/04/18 |  | 06/15/18 |  | 15,127 |
Third Quarter 2018 | 0.60 |  |  | 08/31/18 |  | 09/14/18 |  | 15,129 |
Total 2018 | $ | 1.75 |  |  |  |  |  |  | $ | 44,114 |
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. On October 31, 2018, the Company’s Board of Directors authorized a new stock repurchase program granting the Company authority to repurchase up to $150.0 million of the Company’s common stock over a three year period. The timing of stock repurchases and the number of shares will depend upon the market conditions and other factors. Share repurchases, if any, will be made in the open market and in privately negotiated transactions in accordance with applicable securities laws. The stock repurchase program may be modified, suspended or terminated at any time by the Board of Directors.

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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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