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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
In October 2016, the Company drew down the full amount of the Term Loan Commitment of ¥47,500,000,000 or approximately $453,150,000 at the exchange rate in effect on October 31, 2016 and used it to repay its Bridge Term Loan that the Company entered into with BTMU in September 2015, in connection with the Bit-isle acquisition.
In October 2016, the Company entered into a Share Transfer Agreement for the transfer of common stock of Terra Power Co., Ltd., relating to the divestiture of the solar power assets of Bit-isle. The Company received ¥400,000,000 upon the closing of the transaction, or approximately $3,816,000 at the exchange rate in effect on October 31, 2016. In addition, the Company expects to receive remaining payments of ¥2,500,000,000 in November 2016 and ¥5,313,384,000 in March 2017, for a total of ¥7,813,384,000, or approximately $74,540,000 at the exchange rate in effect on October 31, 2016.
On November 2, 2016, the Company declared a quarterly cash dividend of $1.75 per share, which is payable on December 14, 2016 to the Company’s common stockholders of record as of the close of business on November 16, 2016.