Stockholders' Equity |
3 Months Ended |
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Mar. 31, 2016 | |
| Equity [Abstract] | |
| Stockholders' Equity |
Stockholders' Equity
On May 6, 2014, our board of directors approved a share repurchase program authorizing the repurchase of up to $50.0 million of our outstanding common stock for a period of up to one year after the approval date. In May 2015, our board of directors approved an extension of the share repurchase program to May 6, 2016, permitting the repurchase of up to $50.0 million of our common stock during the period commencing on the extension date and ending on May 6, 2016.
During the three months ended March 31, 2016, the Company repurchased 777,669 shares at a weighted average cost of $20.75 per share and a total cost of $16.1 million. During the year ended December 31, 2015, we repurchased 1,798,199 shares at a weighted average price of $19.51 and a total cost of $35.1 million.
In May 2015, the board of directors authorized the retirement of all shares acquired under the stock repurchase program through May 8, 2015 and any future shares repurchased under the repurchase program. During the three months ended March 31, 2016 we retired 777,669 shares of our common stock. During the year ended December 31, 2015 we retired 2,764,794 shares of our common stock.
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- References No definition available.
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- Definition 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://www.xbrl.org/2003/role/presentationRef
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