Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2016

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

(5) Supplemental Cash Flow Information

There were estimated federal income tax payments of $135,000 and estimated New Jersey income tax payments of $1,000 made during the six months ended June 30, 2016. The $135,000 represented an over estimate of taxes due and in the second quarter of 2016, such amount was recorded as a receivable, included in other current assets.

There were no income tax or interest payments made during the six months ended June 30, 2015.

No cash dividends were declared or paid during the six months ended June 30, 2016.

On June 30, 2015, the Company’s Board of Directors declared a special cash dividend of $0.50 per share of the Company’s common stock. Accordingly, the Company accrued approximately $22.1 million at June 30, 2015 as a liability for this dividend. This dividend was paid on August 12, 2015.