Dividend Program

3 Months Ended

Mar. 31, 2016

Dividend Program

Dividend Program

(15)     Dividend Program

In April 2015, the Company’s Board of Directors initiated a dividend program under which the Company began to pay quarterly dividends, subject to quarterly declarations by the Board of Directors. During the first quarter of 2016, the Board of Directors declared, and the Company paid, a quarterly dividend of $0.07 per share, totaling $2.4 million, including $0.1 million in stock under the Company’s equity award plans.