Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Equity

Note 12 – Equity

Share Activity

During the fourth quarter of 2014, the Company’s Board of Directors authorized a $100 million share repurchase program (the “2014 Share Repurchase Program”), which provided the Company the ability to repurchase shares of common stock from time to time in open market transactions or in privately-negotiated transactions in accordance with applicable securities laws. Repurchased shares are held in the Company’s treasury. As of December 31, 2014, no shares of the Company’s common stock had been repurchased under this program. For the three month period ended March 31, 2015, the Company repurchased 4.7 million shares of its common stock for an aggregate purchase price of approximately $90.7 million. In April 2015, the Company repurchased an additional 0.5 million shares of its common stock for an aggregate purchase price of $9.3 million, which completed the 2014 Share Repurchase Program.

Share Activity (in thousands):	Common Shares Outstanding		Treasury Shares
Balance as of December 31, 2014	84,739		2,876
Shares issued:
Stock option exercises	39
Restricted share awards	141
Common stock repurchases	(4,737	)	4,737
Other, net	32
Balance as of March 31, 2015	80,214		7,613

Accumulated Other Comprehensive Loss

Accumulated other comprehensive losses totaled $56.0 million and $34.0 million as of March 31, 2015 and December 31, 2014, respectively. For the three month periods ended March 31, 2015 and 2014, unrealized foreign currency translation losses totaled $22.0 million and $5.3 million, respectively. Unrealized foreign currency gains and losses relate primarily to fluctuations in foreign currency exchange rates of the Company’s foreign subsidiaries with a functional currency other than the U.S. dollar. Foreign currency activity, which has grown in recent years due to acquisitions, was related primarily to the Company’s Canadian operations for the three month periods ended March 31, 2015 and 2014.