Stockholders' Deficit

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Treasury Stock

Treasury stock is accounted for under the cost method. Treasury stock includes shares repurchased under Stock Repurchase Programs and shares withheld in lieu of minimum tax withholdings due upon vesting of RSUs.

On July 23, 2014, the Board of Directors approved an additional authorization for share repurchases of approximately $490.6 million of common stock in addition to the $509.4 million remaining available for repurchases of common stock under the previous share buyback program for a total repurchase authorization of up to $1.0 billion of its common stock. The share buyback program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. 

Effective January 30, 2015, our Board of Directors authorized the repurchase of approximately $452.9 million of our common stock, in addition to the $547.1 million of our common stock remaining available for repurchase under the previous share repurchase program, for a total repurchase authorization of up to $1.0 billion of our common stock. The share repurchase program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions.

The summary of the Company’s common stock repurchases for 2014, 2013 and 2012 are as follows:

	2014				2013				2012
	Shares		Average Price		Shares		Average Price		Shares		Average Price
	(In thousands, except average price amounts)
Total repurchases under the repurchase plans	16,316		$	53.15	21,006		$	48.65	7,692		$	40.90
Total repurchases for tax withholdings	297		$	54.73	298		$	46.16	279		$	39.63
Total repurchases	16,613		$	53.18	21,304		$	48.61	7,971		$	40.86
Total costs	$	883,403			$	1,035,617			$	325,680

Since inception, the Company has repurchased 203.2 million shares of its common stock for an aggregate cost of $6.9 billion, which is recorded as a reduction of Additional paid-in capital.

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the components of Accumulated other comprehensive loss for 2014 and 2013:

	Foreign Currency Translation Adjustments Loss			Unrealized Gain On Investments, net of tax			Total Accumulated Other Comprehensive Loss
	(In thousands)
Balance, December 31, 2012	$	(3,241	)	$	2,853		$	(388	)
Changes	81			(2,778		)	(2,697		)
Balance, December 31, 2013	(3,160		)	75			(3,085		)
Changes	—			87			87
Balance, December 31, 2014	$	(3,160	)	$	162		$	(2,998	)

The change in the unrealized gain on investments, net of tax during 2013 was due primarily to the sale of the Company’s investment in the equity securities of a public company and the reclassification of the related gain out of Accumulated other comprehensive loss and into net income. This gain is included in Non-operating income, net as discussed in Note 11, “Non-Operating Income, net”.