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COMMON STOCK REPURCHASES AND CASH DIVIDENDS | 6 Months Ended
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Jun. 30, 2017
Common Stock Repurchases and Cash Dividends [Abstract] |
Common Stock Repurchase and Cash Dividends | COMMON STOCK REPURCHASES AND CASH DIVIDENDS: Common Stock Repurchases The Company did not repurchase any shares of its common stock in the six months ended June 30, 2017. As of June 30, 2017, the Company had approximately $23.6 million remaining under its repurchase program, which has no expiration date. In July 2017, the Company’s board of directors authorized the use of an additional $30.0 million for the repurchase of the Company’s common stock, with repurchases to be executed according to pre-defined price/volume guidelines. Authorization of future repurchase programs is at the discretion of the board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors. Cash Dividends In January 2017, the Company’s board of directors declared four quarterly cash dividends in the amount of $0.14 per share to be paid to stockholders of record at the end of each quarter in 2017. For the three and six months ended June 30, 2017, and June 30, 2016, cash dividends declared and paid were as follows:
| Three Months Ended |  | Six Months Ended
(In thousands, except per share amounts) | June 30, 2017 |  | June 30, 2016 |  | June 30, 2017 |  | June 30, 2016
Dividends declared and paid | $ | 4,162 |  |  | $ | 3,754 |  |  | $ | 8,299 |  |  | $ | 7,483 |
Dividends declared per common share | $ | 0.14 |  |  | $ | 0.13 |  |  | $ | 0.28 |  |  | $ | 0.26 |

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