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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On April 27, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.10 per share on the Company’s outstanding shares of common stock. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to the Board of Director's approval and may be adjusted as business needs or market conditions change. The cash dividend of $0.10 per share will be paid on June 9, 2017 to stockholders of record as of the close of business on May 8, 2017.

On May 3, 2017, the Financial Oversight Board and Management for Puerto Rico filed a voluntary petition of relief on behalf of the Commonwealth of Puerto Rico (the ¨Commonwealth¨) pursuant to Title III of the Puerto Rico Oversight, Management and Economic Stability Act (¨PROMESA¨) for the restructuring of the Commonwealth’s debt. This petition covers the central government and does not include its public corporations, however, it has been announced that the public corporations will likely also file for relief under Title III of PROMESA in the near future. As of March 31, 2017, the Company had net receivables of $16.1 million with the Commonwealth and certain public corporations.