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SHAREHOLDERS EQUITY
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS EQUITY
7. SHAREHOLDERS EQUITY

 

Common Stock

 

The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of one cent per share.

 

Preferred Stock

 

The Company is authorized to issue up to 5,000,000 shares of undesignated preferred stock with a par value of one cent per share and which can be issued in one or more series. The terms, price and conditions of the preferred shares will be set by the board of directors. No shares of preferred stock have been issued.

 

Dividends

 

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2016, 2015 and 2014 were as follows:

 

Payment   Record Date   Payment Date   Dividend
(per share)		     Amount  
                     
Q1 2014   March 17, 2014   March 24, 2014   $ 0.15     $ 1,692  
Q2 2014   June 16, 2014   June 23, 2014     0.15       1,695  
Q3 2014   September 15, 2014   September 22, 2014     0.15       1,696  
Q4 2014   December 8, 2014   December 15, 2014     0.15       1,695  
Total for 2014           $ 0.60     $ 6,778  
                         
Q1 2015   March 20, 2015   March 23, 2015   $ 0.16     $ 1,809  
Q2 2015   June 15, 2015   June 19, 2015     0.16       1,814  
Q3 2015   September 14, 2015   September 21, 2015     0.16       1,815  
Q4 2015   December 7, 2015   December 11, 2015     0.16       1,815  
Total for 2015           $ 0.64     $ 7,253  
                         
Q1 2016   March 21, 2016   March 28, 2016   $ 0.17     $ 1,929  
Q2 2016   June 13, 2016   June 20, 2016     0.17       1,929  
Q3 2016   September 12, 2016   September 19, 2016     0.17       1,928  
Q4 2016   December 5, 2016   December 12, 2016     0.17       1,929  
Total for 2016           $ 0.68     $ 7,715