Subsequent Event

9 Months Ended

Sep. 30, 2015

Subsequent Event [Abstract]

Subsequent Event

16.  SUBSEQUENT EVENTS

On October 1, 2015, the Company redeemed the $175,000 principal of its 2015 Notes using borrowings under its credit agreement.

On October 26, 2015, the Company announced that its Board of Directors increased its regular quarterly cash dividend by $0.015,  from $0.13 to $0.145 per share, and then declared a regular quarterly cash dividend of $0.145 per share on the Company’s common stock.  The dividend will be paid on November 23, 2015, to stockholders of record on the close of business on November 9, 2015.

On November 3, 2015, the Company completed the acquisition of Rock River Environmental Services, Inc., an integrated provider of solid waste collection, recycling, transfer and disposal services. The acquired operations service 19 counties in central and northern Illinois and include five collection operations, two landfills, one compost facility, one transfer station and one recycling facility. The Company paid cash consideration of $225,000 for this acquisition, using proceeds from borrowings under its credit agreement.  The Company also paid an additional amount for the purchase of estimated working capital, which is subject to post-closing adjustments. The Company has not yet completed its initial purchase price allocation.