REPURCHASES OF COMMON STOCK

9 Months Ended

Sep. 30, 2016

REPURCHASES OF COMMON STOCK [Abstract]

REPURCHASES OF COMMON STOCK

5.REPURCHASES OF COMMON STOCK

During the three-month periods ended September 30, 2016 and 2015, the Company repurchased 0.3 million and 0.6 million shares of its Class A common stock under its open market stock repurchase plans for $17.4 million and $28.2 million, respectively. During the nine-month periods ended September 30, 2016 and 2015, the Company repurchased 1.0 million and 2.1 million shares of its Class A common stock under its open market repurchase plans for $41.7 million and $104.1 million, respectively.  As of September 30, 2016, $405.3 million was available for repurchases under the Company's open market stock repurchase plan.