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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Cash Dividends

Cash Dividends — The Company paid cash dividends during the nine months ended September 30, 2017 and 2016 as follows:

 

2017:

Per Share

 

 

Total

 

 

 

 

 

 

(in thousands)

 

Paid on March 22, 2017

$

0.02

 

 

$

3,326

 

Paid on June 22, 2017

 

0.02

 

 

 

4,269

 

Paid on September 21, 2017

 

0.02

 

 

 

4,271

 

Total cash dividends

$

0.06

 

 

$

11,866

 

 

2016:

Per Share

 

 

Total

 

 

 

 

 

 

(in thousands)

 

Paid on March 24, 2016

$

0.10

 

 

$

14,712

 

Paid on June 23, 2016

 

0.02

 

 

 

2,953

 

Paid on September 22, 2016

 

0.02

 

 

 

2,953

 

Total cash dividends

$

0.14

 

 

$

20,618

 

 
Treasury Stock Acquisition

Treasury stock acquisitions during the nine months ended September 30, 2017 were as follows (dollars in thousands):

 

Shares

 

 

Cost

 

Treasury shares at beginning of period

 

43,392,617

 

 

$

911,094

 

Purchases pursuant to stock buyback program

 

5,503

 

 

 

109

 

Acquisitions pursuant to long-term incentive plan

 

377,851

 

 

 

6,923

 

Treasury shares at end of period

 

43,775,971

 

 

$

918,126