Shareholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Shareholders' Equity

NOTE B — SHAREHOLDERS’ EQUITY

On March 30, 2015, the Board of Directors declared a quarterly cash dividend of $0.04 per share. This dividend, totaling approximately $121,000, was accrued for payment to shareholders of record on April 10, 2015 and was paid on May 1, 2015.

Cash received from options exercised under all share-based compensation arrangements for the first quarter of 2015 was $52,000, with a tax benefit realized of $6,000. No stock options were granted during the first quarter of 2015.