16.

Dividends

During fiscal year 2014, our Board of Directors approved four cash dividends. In fiscal year 2013, we paid five cash dividends and a special dividend. All cash dividends were declared on common stock during fiscal year 2014, as summarized in the following table:

Record	Payment		Dividend
Date	Date	Type	Per Share		Total
September 16, 2013	September 30, 2013	Quarterly	$	0.12	$	1,108,000
December 13, 2013	December 27, 2013	Quarterly	$	0.12	$	1,111,000
March 14, 2014	March 28, 2014	Quarterly	$	0.12	$	1,111,000
June 13, 2014	June 27, 2014	Quarterly	$	0.12	$	1,111,000
Total					$	4,441,000

As of June 30, 2014, we have recorded $285,000 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 June 30, 2014. 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 $67,000 and $218,000, 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. As of June 30, 2014, $63,000 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.