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Dividends
3 Months Ended
Sep. 30, 2017
Dividends [Abstract]  
Dividends
15.
Dividends
 
During the three months ended September 30, 2017, our Board approved quarterly cash dividends as follows:
 
 
 
 
 
 
 
Dividends Declared
 
Record Date
 
Payment Date
 
Type
 
Per Share
 
Total
 
 
 
 
 
 
 
 
 
 
 
September 12, 2017
 
September 26, 2017
 
Quarterly
 
$
0.12
 
$
1,187
 
 
 
 
 
 
 
 
Total
 
$
1,187
 
 
As of September 30, 2017, we recorded $318 of dividends payable to holders of restricted common stock who held restricted shares at the time of the dividend record dates and still hold those restricted shares as of September 30, 2017. 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 $142 and $176, respectively, based upon the expected vesting date of the underlying shares. These holders of restricted common stock will receive the dividend payments as long as they remain eligible at the vesting date of the shares. For the three months ended September 30, 2017, $6 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 Topic 260-10, Earnings per Share.