COMMON STOCK REPURCHASES AND CASH DIVIDENDS

3 Months Ended

Mar. 31, 2017

Common Stock Repurchases and Cash Dividends [Abstract]

Common Stock Repurchase and Cash Dividends [Text Block]

COMMON STOCK REPURCHASES AND CASH DIVIDENDS:

Common Stock Repurchases

The Company did not repurchase any shares of the Company’s common stock in the three months ended March 31, 2017. As of March 31, 2017, the Company had approximately $23.6 million remaining under its current 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 2017, the Company’s board of directors declared four quarterly cash dividends in the amount of $0.14 per share to be paid to stockholders of record at the end of each quarter in 2017. For the three months ended March 31, 2017, and March 31, 2016, cash dividends declared and paid were as follows:

	Three Months Ended
(In thousands, except per share amounts)	March 31, 2017		March 31, 2016
Dividends declared and paid	$	4,137	$	3,729
Dividends declared per common share	$	0.14	$	0.13