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Stockholders' Equity (Notes)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Stockholders' Equity
8.Stockholders’ Equity
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 or other factors. We repurchased 1,285,696 shares under the Repurchase Program during 2020. In addition, 151,332 shares were withheld during 2020 to satisfy minimum tax withholding obligations for the vesting of long-term incentive, restricted stock awards and restricted stock units, which are not subject to the Repurchase Program. In 2020, the Board authorized an increase of 2 million shares that may be repurchased under the Repurchase Program. During 2019, we repurchased 1,897,322 shares under the Repurchase Program and 227,208 shares were withheld to satisfy minimum tax withholding obligations for the vesting of long-term incentive and restricted stock awards. At December 31, 2020, we were authorized to repurchase an additional 1,128,137 shares under the Repurchase Program. Shares repurchased under the Repurchase Program are recorded in treasury.
Dividends
The Board declared quarterly dividends as follows:
(amounts per share)20202019
First quarter$0.40 $0.30 
Second quarter0.40 0.30 
Third quarter0.40 0.30 
Fourth quarter0.40 0.30 

During 2020 and 2019, we paid a total of $61.9 million and $48.6 million, respectively, in dividends.
Preferred Stock
At December 31, 2020, 20 million shares of preferred stock were authorized.
Rights Plan
On May 21, 2020, the Board declared a dividend of one right (“Right”) for each outstanding share of common stock to common stockholders of record at the close of business on June 1, 2020 (the “Rights Plan”). Each Right, if and when it becomes exercisable, entitles the registered holder to purchase from us one unit consisting of one one-hundredth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share. Initially, the Rights are attached to all outstanding shares of our common stock. The Rights are not currently exercisable and the Rights Plan will expire at the close of business on May 20, 2021, unless the Rights are earlier redeemed or exchanged by us.