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Equity
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Equity
Equity

The decrease in common stock during the six months ended June 30, 2017, was primarily due to the repurchases of 3,655,278 shares pursuant to the Company's previously announced share repurchase plan, of which was partially offset by the issuance of 2,126,386 shares of the Company’s common stock under the Company’s stock-based compensation plans, for a net decrease of 1,528,892 shares.

The Company announced a $.01 per share increase in its quarterly cash dividend rate during the second quarter of 2017. As such, the Company recorded a cash dividend of $0.10 during the second quarter of 2017 as compared to a cash dividend of $.090 per share during the second quarter of 2016. The second quarter 2017 dividend of $28.6 million, was declared on May 18, 2017, and was paid on July 19, 2017.