Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
In May 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. 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 date and ending on May 4, 2018.
Repurchase activity during the nine months ended September 30, 2017 and 2016 was as follows:
 
Nine Months Ended September 30,
 
2017
 
2016
Number of shares repurchased

 
1,012,823

Weighted-average cost per share
$

 
$
20.98

Total cost of shares repurchased, in thousands
$

 
$
21,244


There was no repurchase activity during the three months ended September 30, 2017 and 2016.