XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Equity
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Equity
Equity
On June 22, 2016, a dividend of $0.45 per share was paid to stockholders of record on June 8, 2016. For the six months ended June 30, 2016, dividend payments of $0.90 per share were paid to stockholders. Dividends include dividend equivalents of $4.1 million and $3.4 million, which were paid on outstanding restricted stock units for the six months ended June 30, 2016 and 2015, respectively.
During the six months ended June 30, 2016, 805,521 restricted stock units vested and were issued as common stock of which the Company is deemed to have repurchased 306,095 shares at an average price of $25.33 per share in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units. In addition, during the six months ended June 30, 2016, the Company repurchased in open market transactions 252,207 shares of its common stock at an average price of $19.82 per share.
During the six months ended June 30, 2015, 762,568 restricted stock units vested and were issued as common stock of which the Company is deemed to have repurchased 312,748 shares at an average price of $34.55 per share in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units.