Stockholders' Equity

3 Months Ended

Mar. 31, 2018

Stockholders’ Equity

Dividends

The Board of Directors approved the following cash dividends in 2018 (in millions, except per share data):



Declaration Date	Dividends Per Share	Record Date	Cash Payment Amount	Payment Date
February 28, 2018	$0.10	March 12, 2018	4.6	March 29, 2018
May 7, 2018	$0.10	May 24, 2018	N/A ⁽¹⁾	June 15, 2018

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

Repurchase of Common Stock

On August 28, 2017, the Company's Board of Directors authorized a new $40.0 million stock repurchase program (the "Program"). At the time of approval, the Company had $0.2 million remaining under its prior stock repurchase program, which amount was subsequently retired unused. The timing, price and volume of purchases under the Program are based on market conditions, cash and liquidity requirements, relevant securities laws and other factors. The Program may be discontinued or amended at any time. The Program has no expiration date and terminates when the amount authorized has been expended or the Board withdraws its authorization.

During the three months ended March 31, 2018, the Company spent $2.8 million to repurchase 123,291 shares of common stock under the Program. There were no repurchases during the three months ended March 31, 2017. As of March 31, 2018, there was $35.0 million available for future share repurchases under the Program.