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Subsequent Events
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
19.Subsequent Events

 

On February 17, 2017, the Company’s Board of Directors authorized a dividend of 44¢ per share to shareholders of record on March 17, 2017.

 

From January 1, 2017 through February 17, 2017, the Company repurchased 633,600 shares of its common stock for $31.5 million in the open market. The average price per share purchased was $49.67. These purchases were funded with cash on hand. At February 17, 2017, $27.5 million remained authorized for future share repurchases.

 

The Company’s management has evaluated transactions occurring subsequent to December 31, 2016 and determined that there were no events or transactions during that period that would have a material impact on the Company’s results of operations or financial position.