Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Dividend Declaration

On April 23, 2015, the Company announced that it had declared a cash dividend of $0.10 per share of common stock payable on June 23, 2015 to stockholders of record as of the close of business on June 2, 2015.

Stock Repurchase Activities

Subsequent to March 31, 2015, through the filing of this Report, the Company repurchased 12.8 million shares of its common stock, for an aggregate of $315.0 million at an average purchase price of $24.54 per share, under the 2014 Stock Repurchase Program. Repurchases of 11.7 million shares were settled prior to the filing of this Report and the remaining shares will be settled after the filing date. Under the 2014 Stock Repurchase Program, the Company has $460.0 million authorized funds remaining as of the filing date. Purchases under the Company's stock repurchase program are subject to review of the circumstances in place at the time and will be made from time to time as permitted by securities laws and other legal requirements. This program may be discontinued at any time.