Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events

Subsequent Events

Note 21. Subsequent Events

Dividend Declaration

On January 27, 2016, the Company's Board of Directors declared a cash dividend of $0.06 per share, payable on February 29, 2016, to shareholders of the Company's common stock as of February 17, 2016.

Amendment to Stock Repurchase Program

On January 6, 2016, the Company amended its stock repurchase program to extend the program beyond its expiration date of January 31, 2016. Under the amended plan, repurchase activity may commence on February 1, 2016 and continue until August 2, 2016, the plan's new expiration date, or expire earlier upon the completion of the repurchase of $5.0 million of the Company's common stock, as well as under certain other circumstances as set forth in the amended plan.