Capital Stock
Capital stock activity for 2016, 2015 and 2014 consisted of the following (in thousands of shares): | | | | | | | | | | | Common Stock Shares | | Class B Shares | | Treasury Shares | January 1, 2014 Balance | 34,084 |
| | 1,085 |
| | (3,158 | ) | Exercise of stock options | 34 |
| | — |
| | — |
| Restricted stock awards | 101 |
| | — |
| | (29 | ) | December 31, 2014 Balance | 34,219 |
| | 1,085 |
| | (3,187 | ) | Conversion of Class B to Common | 351 |
| | (351 | ) | | — |
| Exercise of stock options | 172 |
| | — |
| | — |
| Restricted stock awards | 282 |
| | — |
| | (7 | ) | December 31, 2015 Balance | 35,024 |
| | 734 |
| | (3,194 | ) | Conversion of Class B to Common | 5 |
| | (5 | ) | | — |
| Exercise of stock options | 1 |
| | — |
| | — |
| Restricted stock awards | 288 |
| | — |
| | (32 | ) | Purchase of treasury shares | — |
| | — |
| | (390 | ) | December 31, 2016 Balance | 35,318 |
| | 729 |
| | (3,616 | ) |
Stock awards for 110,562, 94,781 and 77,591 shares were canceled in 2016, 2015 and 2014, respectively. In 2016, 2015 and 2014, dividends of $0.05 per Common Share and $0.045 per Class B Common Share were declared and paid, respectively. |