Subsequent Events

9 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Dividend Declaration. On October 13, 2015, we announced that our Board of Directors declared a cash dividend of $0.40 per common share or approximately $7.1 million (including dividend equivalents), which will be paid on or about November 13, 2015 to stockholders of record at the close of business on October 23, 2015.

Common Stock Issued Upon Exercises of Warrants. Beginning on October 1, 2015 and through October 19, 2015, 102,555 shares of our common stock were issued and 8,200 shares of our common stock were pending settlement in connection with exercises of the Warrants at an exercise price of $60.32. For additional information related to the Warrants, see Note 3 and Note 10.

Anti-dilution Adjustments to Warrants. Effective October 21, 2015, the ex-dividend date for the quarter’s dividend payable November 13, 2015, the Warrants’ exercise price will be $60.20 per share.

Repurchase of Senior Notes. Beginning on October 1, 2015 and through October 19, 2015, we repurchased $21.1 million aggregate principal amount of Senior Notes for approximately 107.5% of face value plus accrued interest. See Note 3 for additional information about the repurchase of our Senior Notes.