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Shareholders' Equity
3 Months Ended
Mar. 31, 2018
Shareholders' Equity
7. Shareholders’ Equity

Repurchases of the Company’s Ordinary Shares

The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended March 31, 2018:

 

Period (1)

   Total Number
of Shares
Purchased
    Average
Price Paid
Per Share
     Total Number of Shares
Purchased as Part of
Publicly Announced

Plan or Program
     Approximate Dollar
Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
 

January 1-31, 2018

     26,639  (2)    $ 42.02        —          —    

March 1-31, 2018

     18,594  (2)    $ 37.27        —          —    
  

 

 

   

 

 

    

 

 

    

Total

     45,233     $ 40.07        —       
  

 

 

   

 

 

    

 

 

    

 

(1) Based on settlement date.
(2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

 

The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended March 31, 2017:

 

Period (1)

   Total Number
of Shares
Purchased
    Average
Price Paid
Per Share
     Total Number of Shares
Purchased as Part of
Publicly Announced

Plan or Program
     Approximate Dollar
Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
 

January 1-31, 2017

     13,656  (2)    $ 38.21        —          —    

February 1-28, 2017

     15,309  (2)    $ 40.18        —          —    
  

 

 

   

 

 

    

 

 

    

Total

     28,965     $ 39.25        —       
  

 

 

   

 

 

    

 

 

    

 

(1) Based on settlement date.
(2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

There were no B ordinary shares that were surrendered or repurchased during the quarters ended March 31, 2018 or 2017.

Please see Note 13 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K for more information on the Company’s repurchase program.

Dividends

On March 4, 2018, the Company’s Board of Directors approved a dividend payment of $0.25 per ordinary share to all shareholders of record on the close of business on March 21, 2018. On March 29, 2018, dividends totaling $3.5 million were paid to shareholders. As of March 31, 2018, accrued dividends on unvested shares, which were included in other liabilities on the consolidated balance sheets, were $0.05 million.

Please see Note 13 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K for more information on the Company’s dividend program.