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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Activity Relating to Common Shares

The following table summarizes the activity relating to shares of the Company’s common stock during the nine months ended September 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

 

1,325

 

 

 

 

 

 

1,325

 

Restricted stock grants

 

50

 

 

 

 

 

 

50

 

Shares acquired through cashless exercise (1)

 

 

 

 

(962

)

 

 

(962

)

Shares cancelled

 

(962

)

 

 

962

 

 

 

 

Balance, as of September 30, 2018

 

46,318

 

 

 

(11,385

)

 

 

34,933

 

 

(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.

 

Summary of Dividends Declared and Paid

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