XML 30 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2016
SUBSEQUENT EVENT
SUBSEQUENT EVENT	13. SUBSEQUENT EVENT On October 25, 2016, the Board of Directors approved a $0.06 per share cash dividend payable December 9, 2016 to stockholders of record at the close of business November 10, 2016. During the third quarter of 2016, the Company offered to purchase for cash 3.2 million of its outstanding common shares, par value $0.10 per share, at a purchase price of $9.00 per share, less any applicable withholding taxes and without interest. The offer and withdrawal rights will expire on November 1, 2016, unless the offer is extended or terminated (such time, as it may be extended, the “Expiration Time”). The Company in its sole discretion may increase the number of shares it purchases up to 3.5 million shares without extending the Expiration Time. All expenses related to the tender offer are accounted as part of the purchase cost of the shares and recorded as a reduction in the common stock to the extent of par value and the excess recorded as a reduction in additional paid-in capital to the extent available and then as a charge to retained earnings. On October 25, 2016 the Company announced that it extended the terms of the previously announced tender offer and raised the offer price at which it is willing to purchase shares. The original expiration date of the Tender Offer of November 1, 2016 was extended to November 11, 2016. The original offer price of $9.00 per share was increased to $9.64 per share.

X

- References

No definition available.

+ Details

Name:	us-gaap_SubsequentEventsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

No definition available.

+ Details

Name:	us-gaap_SubsequentEventsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration