Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

v3.6.0.2
Stockholders' Equity
12 Months Ended
Dec. 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. Shares repurchased under the plan are retired. In May 2015, our board of directors approved an extension of the share repurchase program through 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. On April 26, 2016, our board of directors approved another one year extension of the share repurchase program. The terms of the extension permit the repurchase of up to $50.0 million of our common stock during the period commencing on the extension day and ending on May 6, 2017.
Repurchase activity during the years ended December 31, 2016, 2015, and 2014 was as follows:
 
Year Ended December 31,
 
2016
 
2015
2014
Number of shares repurchased
1,012,823

 
1,798,199

966,595

Weighted-average cost per share
$
20.98

 
$
19.51

$
16.06

Total cost of shares repurchased, in thousands
$
21,244

 
$
35,083

$
15,521