8.	COMMON STOCK

The Company’s total authorized capital stock consists of 150,000,000 shares of common stock, par value $0.001 per share.

Voting —Each holder of common stock has one vote in respect to each share of stock held on record for the election of directors and on all matters submitted to a vote of shareholders of the Company.

Dividends —Subject to the preferential rights of any outstanding preferred stock, the holders of shares of common stock are entitled to receive, when and if declared by the Board of Directors, out of assets of the Company which are by law available therefore, dividends payable either in cash, in property or in shares of capital stock. On May 29, 2013, the Company declared a special cash dividend of $1.25 per outstanding share of common stock, or $40.5 million in the aggregate, which was paid on June 28, 2013 (the 2013 Special Dividend). In addition, beginning on May 29, 2013 the Company began the declaration of regular quarterly dividends.

The table below summarizes the regular quarterly dividends declared and paid during the years ended December 31, 2015, 2014 and 2013:

(quarter ended)	Dividend Per Share		Date Declared	Date Paid
June 30, 2013	$	0.0625	05/29/13	06/24/13
September 30, 2013	$	0.0625	08/27/13	09/27/13
December 31, 2013	$	0.0625	12/04/13	12/30/13
March 31, 2014	$	0.075	02/27/14	03/27/14
June 30, 2014	$	0.075	05/21/14	06/26/14
September 30, 2014	$	0.15	08/13/14	09/24/14
December 31, 2014	$	0.15	11/10/14	12/08/14
March 31, 2015	$	0.15	02/12/15	03/12/15
June 30, 2015	$	0.15	05/11/15	06/08/15
September 30, 2015	$	0.15	08/10/15	09/07/15
December 31, 2015	$	0.15	11/11/15	12/09/15

In 2013 the Company paid $6.0 million as a result of regular quarterly dividends. Total 2013 aggregate dividend payments, inclusive of a special cash dividend and regular quarterly dividends, of $46.5 million includes $0.6 million related to the expected forfeitures of non-vested shares that the Company has recognized as compensation expense.

In 2014, the Company paid $14.9 million as a result of regular quarterly dividends. There was no special cash dividend declared in 2014 and the expected forfeitures of non-vested shares that the Company has recognized as compensation expense was less than $0.1 million.

In 2015, the Company paid $20.2 million as a result of regular quarterly dividends. There was no special cash dividend declared in 2015 and the expected forfeitures of non-vested shares that the Company has recognized as compensation expense was zero.

Liquidation —In the event of any liquidation, dissolution or winding up of the Company, after distribution in full of the preferential amounts, if any, to be distributed to the holders of shares of any outstanding preferred stock, holders of all common stock shares, including converted preferred stock, are entitled to receive all of the remaining assets of the Company of whatever kind available for distribution to shareholders ratably in proportion to the number of shares of common stock held by them respectively.