• Filing Date: 2019-03-08
  • Form Type: 10-K
  • Description: Annual report
v3.10.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events
Note 28 — Subsequent Events
On January 14, 2019, the Company’s Board of Directors declared a quarterly dividend of $0.40 per common share. The dividends are scheduled for payment on
March 15, 2019
to stockholders of record on
February 15, 2019
.
On January 15, 2019, the Company granted 40,000 shares of restricted stock and 110,000 options to purchase the Company’s common shares at an exercise price of $53 per share to its chief executive officer, Paresh Patel. The options will expire on
January 15, 2029
. These share-based awards were granted pursuant to the 2012 Plan and will vest in equal annual installments over
four
years, so long as Mr. Patel remains employed by the Company. The grant date fair values of the restricted stock and options were $1,918 and $1,345, respectively.
On February 27, 2019, the Company acquired approximately nine acres of undeveloped land located near its current headquarters in Tampa, Florida for a purchase price of $
8,500
, which was primarily financed by the Company’s revolving credit facility. The land is a potential site for the construction of a new headquarters building. The transaction was accounted for as an asset acquisition. As such, all acquisition-related costs are capitalized.