Stockholders' Equity

6 Months Ended

Jun. 30, 2017

Stockholders’ Equity

Dividends

The Board of Directors approved the following cash dividends in 2017 (in millions, except per share data):



Declaration Date	Dividends Per Share	Record Date	Cash Payment Amount	Payment Date
February 28, 2017	$0.09	March 13, 2017	$4.2	March 28, 2017
May 8, 2017	$0.09	May 25, 2017	$4.2	June 22, 2017
August 7, 2017	$0.09	August 29, 2017	N/A ⁽¹⁾	September 15, 2017

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(1)	Amount will be determined based on common stock outstanding as of the record date.

Repurchase of Common Stock

The Company’s Board of Directors authorized a share repurchase program that may be discontinued or amended at any time. The program will expire when the amount authorized has been expended or the Board of Directors withdraws its authorization.

During the three and six months ended June 30, 2017, no shares of common stock were repurchased under the share repurchase program. During the three months ended June 30, 2016, the Company repurchased 43,682 shares of common stock under the share repurchase program at an average price of $40.05 per share for a total cost of $1.7 million. During the six months ended June 30, 2016, the Company repurchased 88,916 shares of common stock under the share repurchase program at an average price of $39.36 per share for a total cost of $3.5 million.

As of June 30, 2017, the Company had approximately $2.6 million available for future share repurchases under the program.