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Equity
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Equity
Equity

The decrease in common stock during the nine months ended September 30, 2017, was primarily due to the repurchases of 6,868,424 shares pursuant to the Company's previously announced share repurchase plan, which was partially offset by the issuance of 3,110,764 shares of the Company’s common stock under the Company’s stock-based compensation plans. The total net decrease was 3,757,660 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 third quarter of 2017 as compared to a cash dividend of $.090 per share during the third quarter of 2016. The third quarter 2017 dividend of $28.4 million, was declared on August 23, 2017, and was paid on October 18, 2017.