Common Shares

3 Months Ended

Mar. 31, 2016

Common Shares.

Common Shares

Note 7 Common Shares

During the three months ended March 31, 2015, our employees exercised vested options to acquire0.02 million of our common shares resulting in proceeds of $0.2 million. No options were exercised during the three months ended March 31, 2016. During the three months ended March 31, 2016 and 2015, we withheld 0.2 million and 0.6 million, respectively, of our common shares with a fair value of $1.9 million and $7.1 million, respectively, to satisfy tax withholding obligations in connection with the vesting of all stock awards.

During the three months ended March 31, 2016, we repurchased 0.3 million of our common shares in the open market for  $1.7 million, all of which are held in treasury.

On February 19, 2016, a cash dividend of $0.06 per share was declared for shareholders of record on March 10, 2016. The dividend was paid on March 31, 2016 in the amount of $16.9 million and was charged to retained earnings in our consolidated statement of changes in equity for the three months ended March 31, 2016.