REPURCHASES OF COMMON STOCK

6 Months Ended

Jun. 30, 2015

REPURCHASES OF COMMON STOCK [Abstract]

REPURCHASES OF COMMON STOCK

5. REPURCHASES OF COMMON STOCK

During the three-month period ended June 30, 2015, the Company repurchased 0.9 million shares of its Class A common stock under its open market stock repurchase plan for $49.6 million.  The Company did not repurchase any shares of its Class A common stock under its open market stock repurchase plan during the three-month period ended June 30, 2014.  During the six-month periods ended June 30, 2015 and 2014, the Company repurchased 1.4 million and 0.3 million shares of its Class A common stock under its open market repurchase plan for $75.9 million and $25.0 million, respectively. As of June 30, 2015, $271.5 million was available for repurchases under the open market stock repurchase program.