XML 27 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Notes)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Stockholders Equity
6.
Stockholders' Equity

During the first nine months of 2017, we repurchased or withheld an aggregate of 348,957 shares of our common stock, as described below.

Repurchase Program

Our Board of Directors (the “Board”) has authorized a program to repurchase shares of our outstanding common stock (“Repurchase Program”). The purchases are to be made from time to time in the open market or directly from stockholders at prevailing market prices based on market conditions and other factors. During the nine months ended September 30, 2017, 262,487 shares were repurchased under the Repurchase Program. As of September 30, 2017, we were authorized to repurchase an additional 873,782 shares under the Repurchase Program.

Withheld Shares

During the nine months ended, September 30, 2017, we withheld 86,470 shares to satisfy tax withholding obligations for the vesting of restricted stock awards.

Dividends

The Board declared quarterly dividends as follows:
 
 
2017
 
2016
 
 
(amounts per share)
 
 
 
 
 
First quarter
 
$
0.25

 
$
0.22

Second quarter
 
0.30

 
0.25

Third quarter
 
0.30

 
0.25



 During the nine months ended September 30, 2017 and 2016, we paid dividends totaling $17.8 million and $15.3 million, respectively.