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Stockholders' Equity
3 Months Ended
Mar. 31, 2015
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Recapitalization    
On February 24, 2015, the Company's board of directors approved amendments to the Company's certificate of incorporation that would adjust the Company’s capital structure by creating two new classes of capital stock, Class C common stock and Class D common stock and distribute shares of the proposed Class C and Class D common stock to holders of the Company's outstanding Class A and Class B common stock, respectively, through a stock split. The amendments were approved by the Company's stockholders at the Annual Meeting of Stockholders held on May 5, 2015, and the recapitalization is expected to become effective on or around May 14, 2015.

The Class C common stock and Class D common stock will have the same rights and privileges and rank equally, share ratably and be identical in all respects to the shares of Class A common stock and Class B common stock, respectively, as to all matters, except that each share of Class C common stock and Class D common stock will be entitled to 1/100th of a vote on all stockholder matters. The par value per share of the Company’s Class A common stock and Class B common stock will remain unchanged at $0.01 per share after the effect of the stock split described above. Accordingly, the stock split will be accounted for as a stock dividend. Once the stock dividend is authorized, on the effective date, the Company will record a transfer between retained earnings and common stock equal to the par value of each share of Class C common stock and Class D common stock that is issued. The Company will also give retroactive effect to prior period share and per share amounts in the consolidated financial statements for the effect of the stock dividend, such that all periods are comparable.
Dividends to Class A common stockholders
The following table lists the dividends paid on the Company's Class A common stock during the three months ended March 31, 2015:
 
First Quarter 2015
Dividends per share
$
0.39


Dividends on the Class A common stock and, once outstanding, the Class C common stock, are subject to available capital, market conditions, and compliance with associated laws, regulations and other contractual obligations.
The Company also authorized 10,000,000 shares of preferred stock, par value $0.01 per share. None of the shares of preferred stock have been issued.