Dividends and Share Repurchases	9 Months Ended
Sep. 30, 2016
Dividends and Share Repurchases
Dividends and Share Repurchases	10. Dividends and Share Repurchases On September 16, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on August 16, 2016. On June 17, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on May 27, 2016. On March 18, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on February 26, 2016. In December 2015, the Company commenced a publicly announced share repurchase program to purchase up to $10 million of its common stock. Pursuant to that program, the Company repurchased 50,068 shares in the first quarter 2016 at a weighted-average price of $53.52 per share. No shares were repurchased during either the second or third quarter 2016. Since the commencement of the share repurchase program through September 30, 2016, the Company has repurchased 53,154 shares at a weighted-average price of $53.59 per share.

10. Dividends and Share Repurchases

On September 16, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on August 16, 2016. On June 17, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on May 27, 2016. On March 18, 2016, the Company paid $0.7 million in cash dividends, based on a dividend of $0.125 (12.5 cents) per share on its common stock, to shareholders of record at the close of business on February 26, 2016.

In December 2015, the Company commenced a publicly announced share repurchase program to purchase up to $10 million of its common stock. Pursuant to that program, the Company repurchased 50,068 shares in the first quarter 2016 at a weighted-average price of $53.52 per share. No shares were repurchased during either the second or third quarter 2016. Since the commencement of the share repurchase program through September 30, 2016, the Company has repurchased 53,154 shares at a weighted-average price of $53.59 per share.