STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2015

Stockholders' Equity

STOCKHOLDERS' EQUITY

Common Stock Issuances

During the three months ended March 31, 2015, the Company issued 11,875 shares of its common stock pursuant to the cashless exercise of Stock Options.

On March 1, 2015, in connection with the acquisition of Sterling, the Company issued 425,005 shares of its common stock to the former stockholders of Sterling.

Dividends

On January 15, 2015, the Company paid a dividend equal to $0.15 per common share or $1,066,000 to all shareholders of record as of January 2, 2015. On March 31, 2015, the Board of Directors approved a quarterly dividend of $0.15 per common share or $1,125,000 paid on April 24, 2015 to all shareholders of record as of the close of business on April 13, 2015.