Stockholders Equity

3 Months Ended

Mar. 31, 2012

Stockholders Equity [Abstract]

Stockholders Equity

6. Stockholders' Equity

Our Board of Directors (the “Board”) has authorized a program to repurchase shares of our outstanding common stock (“Repurchase Program”).  The purchases are to be made from time to time in the open market or directly from stockholders at prevailing market prices based on market conditions and other factors.  During the three months ended March 31, 2012, no shares were repurchased under the Repurchase Program; however, 105,923 shares were withheld to satisfy tax withholding obligations for the vesting of restricted stock awards.  These shares are not subject to the Repurchase Program.  As of March 31, 2012, we were authorized to repurchase an additional 1,236,872 shares under the program.

The Board declared quarterly dividends of $0.15 per share of common stock in the first quarter of 2012 and 2011, resulting in a total of $3.9 million and $4.0 million, respectively, in dividend payments made by Insperity during the three months ended March 31 of each year.