11.

Dividends

During the three months ended September 30, 2013, we declared and paid one quarterly cash dividend. The following summarizes our dividend activity during the three months ended September 30, 2013:

Dividend

Record Date

Payment Date

Type

Per Share

Total

September 16, 2013

September 30, 2013

Quarterly

0.12

1,108,000

As of September 30, 2013, we have recorded $237,000 of dividends payable to holders of restricted common stock who held restricted shares at the time of dividend record dates and still hold those restricted shares as of September 30, 2013. Such dividends will be paid when the restrictions on a holder’s restricted common shares lapse. This dividend payable is divided between current payable and non-current payable in the amounts of $99,000 and $138,000, respectively, based upon the expected vest date of the underlying shares. These holders of restricted common stock will receive the dividend payments as long as they remain eligible at the vest date of the shares. During the three months ended September 30, 2013, $57,000 of dividends payable were forfeited and returned to capital for restricted shares that were forfeited prior to meeting vesting requirements. Because the participants are not entitled to these dividends unless they complete the requisite service period for the shares to vest, they are not participating dividends as defined under ASC 260-10.