Equity

9 Months Ended

Sep. 30, 2019

Share Repurchases [Abstract]

Stockholders' Equity

Equity

We have a stock repurchase program with 6.9 million shares remaining authorized for repurchase as of September 30, 2019. There were no shares repurchased in the open market during the three and nine months ended September 30, 2019 and there were 0.2 million and 1.4 million shares repurchased during the three and nine months ended September 30, 2018. Repurchases are expected to continue from time to time, as determined by market conditions, cash flow requirements, securities law limitations, and other factors, until the number of shares authorized have been repurchased, or until the authorization is terminated. The share repurchase authorization is discretionary and has no expiration date.

During the three months ended September 30, 2019 and 2018, our Board of Directors declared regular quarterly dividends totaling $1.6 million and $1.6 million, respectively.  During the nine months ended September 30, 2019 and 2018, our Board of Directors declared regular quarterly dividends totaling $4.9 million and $5.0 million, respectively. Future payment of cash dividends and the amount of such dividends will depend upon our financial conditions, our results of operations, our cash requirements, our tax treatment, and certain corporate law requirements, as well as factors deemed relevant by our Board of Directors.