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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following table summarizes the change in shareholders’ equity during the three months ended March 31, 2016 and 2015, respectively:
 
Three months ended March 31,
 
2016
 
2015
Balance at the beginning of the period
$
82,569

 
$
76,016

Exercise of stock options
293

 
20

Stock repurchased
(404
)
 
—

Options repurchased
(1,752
)
 
—

Proceeds from stock purchase plan
25

 
—

Dividends
(459
)
 
(319
)
Share-based compensation - options
143

 
238

Share-based compensation - ESPP
5

 
—

Tax benefit - stock option exercises
563

 
7

Unrealized gain or loss on investments, net of tax
121

 
55

Foreign currency translation adjustment
33

 
(180
)
Net Income during the period
1,368

 
1,272

Balance at end of the period
$
82,505

 
$
77,109



On February 25, 2016, the Company announced a quarterly cash dividend of $0.05 per share to be paid on March 18, 2016 to shareholders of record as of March 7, 2016.