SHAREHOLDERS EQUITY

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

SHAREHOLDERS EQUITY

7. SHAREHOLDERS EQUITY

Preferred Stock

The Company has authorized 5,000,000 shares of undesignated preferred stock which can be issued in one or more series. The terms, price and conditions of the preferred shares will be set by the board of directors. No shares have been issued.

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2015, 2014 and 2013 were as follows:

Payment	Record Date	Payment Date	Dividend (per share)		Amount
Q1 2013	March 18, 2013	March 25, 2013	$	0.14	$	1,569
Q2 2013	June 17, 2013	June 24, 2013		0.14		1,573
Q3 2013	September 16, 2013	September 23, 2013		0.14		1,575
Q4 2013	December 9, 2013	December 16, 2013		0.14		1,577
Total for 2013			$	0.56	$	6,294
Q1 2014	March 17, 2014	March 24, 2014	$	0.15	$	1,692
Q2 2014	June 16, 2014	June 23, 2014		0.15		1,695
Q3 2014	September 15, 2014	September 22, 2014		0.15		1,696
Q4 2014	December 8, 2014	December 15, 2014		0.15		1,695
Total for 2014			$	0.60	$	6,778
Q1 2015	March 20, 2015	March 23, 2015	$	0.16	$	1,809
Q2 2015	June 15, 2015	June 19, 2015		0.16		1,814
Q3 2015	September 14, 2015	September 21, 2015		0.16		1,815
Q4 2015	December 7, 2015	December 11, 2015		0.16		1,815
Total for 2015			$	0.64	$	7,253