STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2019

STOCKHOLDERS’ EQUITY:

Common Stock Shares Outstanding



	Three Months Ended			Six Months Ended
(In thousands)	June 30, 2019	June 30, 2018		June 30, 2019		June 30, 2018
Beginning balance	29,110	29,630		28,889		29,782
Common stock issued under employee stock plans	220	225		562		571
Repurchased	—	(434	)	(121	)	(932	)
Ending balance	29,330	29,421		29,330		29,421

Common Stock Repurchases

As of December 31, 2018, the Company had approximately $51.2 million remaining under its stock-repurchase program. In the six months ended June 30, 2019, the Company repurchased approximately 121,000 shares of its common stock for approximately $7.3 million. As of June 30, 2019, the Company had approximately $43.9 million remaining under its current repurchase program, which has no expiration date. Authorization of future repurchase programs is at the discretion of the board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors.

Cash Dividends

In January 2019, the Company’s board of directors declared four quarterly cash dividends in the amount of $0.17 per share to be paid to stockholders of record at the end of each quarter in 2019. For the three and six months ended June 30, 2019, and 2018, cash dividends declared and paid were as follows:



	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Dividends declared and paid	$	4,980	$	4,705	$	9,917	$	9,480
Dividends declared per common share	$	0.17	$	0.16	$	0.34	$	0.32