Subsequent Event

12 Months Ended

Dec. 31, 2015

Subsequent Event

Subsequent Event

21. Subsequent Events

On February 24, 2016, the Board of Directors approved a dividend of $0.045 per share. This dividend is payable on April 7, 2016, to stockholders of record as of the close of business on March 17, 2016.

On March 2, 2016, the Company granted awards of stock options and restricted stock units under the Omnibus Plan for 400,000 and 232,912 shares of common stock, respectively.  The stock option awards have an exercise price of $10 per share and vest 33.4% on October 9, 2017, 33.3% on October 9, 2018 and 33.3% on October 9, 2019.  The restricted stock unit awards contain conditions associated with continued employment or service.  The restrictions lapse on the vesting date, at which time shares of common stock will be issued to the award recipients.  The restricted stock unit awards have a grant date fair value of $7.91 per share and vest on March 2, 2017.