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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Cash Dividends

Cash Dividends – The Company paid cash dividends during the years ended December 31, 2017, 2016 and 2015 as follows:

 

  

 

Per Share

 

 

Total

 

 

 

 

 

 

 

(in thousands)

 

2017

 

 

 

 

 

 

 

 

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

 

Paid on December 21, 2017

 

 

0.02

 

 

 

4,449

 

Total cash dividends

 

$

0.08

 

 

$

16,315

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

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

 

Paid on December 22, 2016

 

 

0.02

 

 

 

2,961

 

Total cash dividends

 

$

0.16

 

 

$

23,579

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

Paid on March 25, 2015

 

$

0.10

 

 

$

14,640

 

Paid on June 24, 2015

 

 

0.10

 

 

 

14,712

 

Paid on September 24, 2015

 

 

0.10

 

 

 

14,712

 

Paid on December 24, 2015

 

 

0.10

 

 

 

14,711

 

Total cash dividends

 

$

0.40

 

 

$

58,775

 

 

Treasury Stock Acquisition

Treasury stock acquisitions during the years ended December 31, 2017, 2016 and 2015 were as follows (dollars in thousands):

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

Shares

 

 

Cost

 

 

Shares

 

 

Cost

 

 

Shares

 

 

Cost

 

Treasury shares at beginning of period

 

 

43,392,617

 

 

$

911,094

 

 

 

43,207,240

 

 

$

907,045

 

 

 

42,818,585

 

 

$

899,035

 

Purchases pursuant to 2013 stock buyback program

 

 

5,503

 

 

 

109

 

 

 

8,488

 

 

 

183

 

 

 

8,618

 

 

 

180

 

Acquisitions pursuant to long-term incentive plan

 

 

404,491

 

 

 

7,508

 

 

 

176,889

 

 

 

3,866

 

 

 

380,037

 

 

 

7,830

 

Treasury shares at end of period

 

 

43,802,611

 

 

$

918,711

 

 

 

43,392,617

 

 

$

911,094

 

 

 

43,207,240

 

 

$

907,045