Capital Stock

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

The Company’s authorized share capital consists of 200,000,000 common shares, par value $0.0002 per share (30,424,391 shares issued and outstanding at December 31, 2019) and 20,000,000 undesignated preferred shares, par value $0.00125 per share (no shares issued or outstanding).

Share activity in 2018 and 2019 includes issuances from stock option exercises and RSU vesting, increasing the number of common shares outstanding from 29,696,682 at December 31, 2017 to 29,988,460 at December 31, 2018 and 30,424,391 at December 31, 2019.

The Company has 4,325,963 common shares reserved for future issuance upon exercise or vesting of equity awards, as applicable.

The Board of Directors declared the following cash dividends in 2019, 2018, and 2017:



Date of Declaration	Dividend per Common Share	Payable to Shareholders of Record on	Payment Date	Total Amount
2019
February 20, 2019	$0.30	March 11, 2019	March 29, 2019	$	9,146,357
April 30, 2019	$0.30	June 10, 2019	June 28, 2019	$	9,204,804
July 30, 2019	$0.30	September 16, 2019	September 30, 2019	$	9,230,801
November 5, 2019	$0.30	December 16, 2019	December 31, 2019	$	9,228,656
Total	$1.20			$	36,810,618
2018
February 22, 2018	$0.30	March 12, 2018	March 30, 2018	$	9,049,476
May 1, 2018	$0.30	June 11, 2018	June 29, 2018	$	9,066,023
August 1, 2018	$0.30	September 10, 2018	September 28, 2018	$	9,080,519
November 7, 2018	$0.30	December 14, 2018	December 28, 2018	$	9,088,542
Total	$1.20			$	36,284,560
2017
February 14, 2017	$0.30	March 13, 2017	March 31, 2017	$	8,878,147
May 2, 2017	$0.30	June 12, 2017	June 30, 2017	$	8,917,471
August 1, 2017	$0.30	September 11, 2017	September 29, 2017	$	8,943,279
November 1, 2017	$0.30	December 15, 2017	December 28, 2017	$	8,974,196
November 1, 2017	$0.50	December 15, 2017	December 28, 2017	$	14,956,994
Total	$1.70			$	50,670,087

Included in the dividends are $433,000, $391,000 and $450,000 of dividend equivalents on RSUs, of which $623,000, $557,000 and $434,000 were payable as of December 31, 2019, 2018, and 2017, respectively.