Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

v3.8.0.1
Stockholders' Equity
12 Months Ended
Dec. 31, 2017
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. Our board of directors approved a one year extension of this program in both 2015 and 2016. On April 28, 2017, our board of directors again approved a one year extension of the share repurchase program. The terms of this 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 4, 2018.
Repurchase activity during the years ended December 31, 2016 and 2015 is detailed in the table below. No shares were acquired under the repurchase program during the year ended December 31, 2017.
 
Year Ended December 31,
 
2016
 
2015
Number of shares repurchased
1,012,823

 
1,798,199

Weighted-average cost per share
$
20.98

 
$
19.51

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

 
$
35,083