COMMON STOCK REPURCHASES AND CASH DIVIDENDS

3 Months Ended

Mar. 31, 2016

Common Stock Repurchases and Cash Dividends [Abstract]

Common Stock Repurchase and Cash Dividends [Text Block]

COMMON STOCK REPURCHASES AND CASH DIVIDENDS:

Common Stock Repurchases

In the three months ended March 31, 2016, the Company purchased approximately 0.1 million shares of the Company’s common stock for $6.1 million. As of March 31, 2016, the Company had approximately $23.9 million remaining under the repurchase program, which has no expiration date. Authorization of future repurchase programs is at the discretion of the board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors.

Cash Dividends

In January 2016, the Company’s board of directors declared four quarterly cash dividends in the amount of $0.13 per share to be paid to stockholders of record at the end of each quarter in 2016.

	Three Months Ended
(In thousands)	March 31, 2016		March 31, 2015
Dividends declared and paid	$	3,729	$	3,519
Dividends declared per common share	$	0.13	$	0.12