Equity |
9 Months Ended |
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Sep. 30, 2015 | |
Equity [Abstract] | |
Equity | Equity As of September 30, 2015, 450,000,000 shares of our common stock, par value $0.01 per share, were authorized; 137,506,040 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized with no shares issued and outstanding. In the nine months ended September 30, 2015, we issued 374,352 shares, valued at approximately $10.5 million, of our common stock to J&M Holding Enterprises, Inc. (“J&M”), an affiliate of Videri Inc. (“Videri”), or Videri, as applicable, in connection with licenses and services to be received under a development and license agreement (the “Videri Agreement”) with J&M and Videri. We have capitalized the payments, which are related to the development of software and equipment to be utilized within digital displays, as construction in progress within Property and equipment, net, on the Consolidated Statement of Financial Position. On October 27, 2015, we issued an additional 68,570 shares, valued at approximately $1.6 million of our common stock to J&M and Videri, as applicable. On October 28, 2015, we announced that our board of directors approved a quarterly cash dividend of $0.34 per share on our common stock, payable on December 31, 2015, to stockholders of record at the close of business on December 10, 2015. |