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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Stockholders' Equity | 8. Stockholders’ Equity Common Stock The following table summarizes the activity relating to shares of the Company’s common stock during the six months ended June 30, 2018 (in thousands):
| Issued |  |  | Treasury |  |  | Outstanding |
| Shares |  |  | Shares |  |  | Shares |
Balance, as of December 31, 2017 |  | 45,778 |  |  |  | (11,043 | ) |  |  | 34,735 |
Shares repurchased |  | — |  |  |  | (342 | ) |  |  | (342 | )
Vesting of performance share units |  | 127 |  |  |  | — |  |  |  | 127 |
Stock option exercises |  | 1,156 |  |  |  | — |  |  |  | 1,156 |
Restricted stock grants |  | 50 |  |  |  | — |  |  |  | 50 |
Shares acquired through cashless exercise (1) |  | — |  |  |  | (854 | ) |  |  | (854 | )
Shares cancelled |  | (854 | ) |  |  | 854 |  |  |  | — |
Balance, as of June 30, 2018 |  | 46,257 |  |  |  | (11,385 | ) |  |  | 34,872 |
(1) | All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of options exercised or performance share units vested. These shares have been cancelled by the Company.
In September 2017, UVE’s Board of Directors authorized a share repurchase program under which UVE may repurchase in the open market in compliance with Exchange Act Rule 10b-18, up to $20 million of the Company’s outstanding shares of common stock through December 31, 2018. During the six months ended June 30, 2018, UVE repurchased 342,749 shares, at an aggregate price of approximately $11.1 million, pursuant to such repurchase program. Dividends The following table summarizes the dividends declared and paid by the Company:
|  | Dividend |  | Shareholders |  | Dividend |  | Cash Dividend |
2018 |  | Declared Date |  | Record Date |  | Payable Date |  | Per Share Amount |
First Quarter |  | January 22, 2018 |  | February 28, 2018 |  | March 12, 2018 |  | $ | 0.14 |
Second Quarter |  | April 12, 2018 |  | April 27, 2018 |  | May 4, 2018 |  | $ | 0.14 |
Third Quarter |  | May 29, 2018 |  | July 2, 2018 |  | July 16, 2018 |  | $ | 0.16 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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