v3.7.0.1
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2016
STOCKHOLDERS' EQUITY  
Schedule of the Dividends and Dividend Equivalents Paid

 

The following is a summary of dividends and dividend equivalents declared to stockholders during the year ended December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount per

 

Total Amount

 

    

 

    

 

    

Share of

    

Declared

Declaration Date

 

Record Date

 

Date Paid

 

Common Stock

 

(In thousands)

February 25, 2016

 

March 7, 2016

 

March 21, 2016

 

$

0.20

 

$

19,762

April 27, 2016

 

June 6, 2016

 

June 20, 2016

 

 

0.20

 

 

19,762

July 25, 2016

 

September 6, 2016

 

September 19, 2016

 

 

0.20

 

 

19,760

November 3, 2016

 

December 5, 2016

 

December 19, 2016

 

 

0.20

 

 

20,666

 

 

The following is a summary of dividends and dividend equivalents declared to stockholders during the year ended December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount per

 

Total Amount

 

    

 

    

 

    

Share of

    

Declared

Declaration Date

 

Record Date

 

Date Paid

 

Common Stock

 

(In thousands)

February 3, 2015

 

March 9, 2015

 

March 23, 2015

 

$

0.20

 

$

19,637

April 27, 2015

 

June 8, 2015

 

June 22, 2015

 

 

0.20

 

 

19,635

July 28, 2015

 

September 8, 2015

 

September 21, 2015

 

 

0.20

 

 

19,622

October 29, 2015

 

December 7, 2015

 

December 21, 2015

 

 

0.20

 

 

19,654

 

Schedule of Nonvested RSU and PSU Activity

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

Shares of RSU

 

Grant Date

 

 

 

and PSU

 

Fair Value

 

Beginning balance at January 1, 2014

 

 —

 

$

 —

 

Granted

 

494,980

 

 

22.40

 

Vested

 

(493,971)

 

 

22.41

 

Forfeited

 

(1,009)

 

 

20.18

 

Nonvested at December 31, 2014

 

 —

 

 

 —

 

Granted

 

331,573

 

 

33.71

 

Vested(1)

 

(280,844)

 

 

33.96

 

Forfeited

 

(31,503)

 

 

33.96

 

Nonvested at December 31, 2015

 

19,226

 

 

29.59

 

Granted

 

618,092

 

 

24.88

 

Vested

 

(19,226)

 

 

29.59

 

Forfeited

 

(7,767)

 

 

24.88

 

Canceled(2)

 

(53,815)

 

 

24.88

 

Nonvested at December 31, 2016

 

556,510

 

$

24.88

 


(1)

Includes vested units of 3,131 that were withheld to cover tax obligations and were subsequently canceled. As a result of this transaction, additional paid-in capital decreased by $107,000.

 

(2)

No PSU Transition Awards vested as the Company did not achieve the adjusted free cash flow or net earnings minimum performance target.