Shareholders' Equity

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Shareholders' Equity

NOTE B — SHAREHOLDERS’ EQUITY

On September 28, 2015, the Board of Directors declared a quarterly cash dividend of $0.04 per share. This dividend, totaling approximately $122,000, was accrued for payment to shareholders of record on October 16, 2015 and will be paid on November 6, 2015.

Cash received from options exercised under all share-based compensation arrangements for the third quarter of 2015 was $167,000, with a tax benefit realized of $49,000. No stock options were granted during the third quarter of 2015.