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COMMON STOCK REPURCHASES AND CASH DIVIDENDS
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2016, the Company purchased approximately 146,000 shares of the Company’s common stock for $6.4 million. As of September 30, 2016, the Company had approximately $23.6 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
 
Nine Months Ended
(In thousands, except per share amounts)
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
Dividends declared and paid
$
3,771

 
$
3,453

 
$
11,254

 
$
10,501

Dividends declared per common share
$
0.13

 
$
0.12

 
$
0.39

 
$
0.36