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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Cash Dividends

The Company paid cash dividends during the nine months ended September 30, 2015 and 2016 as follows:

 

2015:

Per Share

 

 

Total

 

 

 

 

 

 

(in thousands)

 

Paid on March 25, 2015

$

0.10

 

 

$

14,640

 

Paid on June 24, 2015

 

0.10

 

 

 

14,712

 

Paid on September 24, 2015

 

0.10

 

 

 

14,712

 

Total cash dividends

$

0.30

 

 

$

44,064

 

 

2016:

Per Share

 

 

Total

 

 

 

 

 

 

(in thousands)

 

Paid on March 24, 2016

$

0.10

 

 

$

14,712

 

Paid on June 23, 2016

 

0.02

 

 

 

2,953

 

Paid on September 22, 2016

 

0.02

 

 

 

2,953

 

Total cash dividends

$

0.14

 

 

$

20,618

 

 

Treasury Stock Acquisition

Treasury stock acquisitions during the nine months ended September 30, 2016 were as follows (dollars in thousands):

 

 

September 30, 2016

 

 

Shares

 

 

Cost

 

Treasury shares at beginning of period

 

43,207,240

 

 

$

907,045

 

Purchases pursuant to stock buyback program

 

8,488

 

 

 

183

 

Acquisitions pursuant to long-term incentive plan

 

160,564

 

 

 

3,428

 

Treasury shares at end of period

 

43,376,292

 

 

$

910,656