|9 Months Ended|
Sep. 30, 2019
NOTE 10. STOCKHOLDERS' EQUITY
During the nine months ended September 30, 2019, the Company paid $103.1 million or $0.315 per share in cash dividends compared to $91.7 million or $ per share during the same period in 2018.
During the third quarter ended September 30, 2019 and during the same period in 2018 the Company did not repurchase shares on the open market.
The Company repurchases shares from employees for the payment of taxes on restricted shares that have vested. The Company repurchased $0.1 million and $0.2 million for the quarter ended September 30, 2019 and 2018, respectively and $9.9 million and $9.5 million of common stock during the nine months period ended September 30, 2019 and 2018, respectively.
As more fully discussed in Note 17 of the Company's notes to the consolidated financial statements in its 2018 Annual Report on Form 10-K, time-lapse restricted shares and restricted stock units have been issued to officers and other management employees under the Company's Employee Stock Incentive Plans. The Company issues new shares from its authorized but unissued share pool. At September 30, 2019, approximately million shares of the Company's common stock were reserved for issuance.
ROLLINS, INC. AND SUBSIDIARIES
Time Lapse Restricted Shares and Restricted Stock Units
The following table summarizes information on unvested restricted stock outstanding as of September 30, 2019:
At September 30, 2019 and December 31, 2018, the Company had $ million and $ million of total unrecognized compensation cost, respectively, related to time-lapse restricted shares that are expected to be recognized over a weighted average period of approximately years and years, respectively.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef