Equity

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Equity

Equity

The increase in common stock during the three months ended March 31, 2017, was primarily due to the issuance of 1,511,640 shares of the Company’s common stock under the Company’s stock-based compensation plans, which was partially offset by share repurchases of 1,473,403 shares pursuant to the Company's previously announced share repurchase plan, for a net increase of 38,237 shares.

The Company announced a $.005 per share increase in its quarterly cash dividend rate during the second quarter of 2016. As such, the Company recorded a cash dividend of $0.090 during the first quarter of 2017 as compared to a cash dividend of $.085 per share during the first quarter of 2016. The first quarter 2017 dividend of $25.9 million, was declared on March 6, 2017, and was paid on April 19, 2017.