Shareholders' Equity

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders' Equity

Share count and par value data related to shareholders' equity are as follows:

	As of
	December 31, 2015	December 31, 2014
Preferred Stock
Par value per share	No par value	No par value
Shares authorized	25,000,000	25,000,000
Shares outstanding	—	—
Common Stock
Par value per share	No par value	No par value
Shares authorized	75,000,000	75,000,000
Shares issued	56,242,499	56,101,700
Shares outstanding	32,548,477	33,392,060
Treasury stock
Shares held	23,694,022	22,709,640

CTS uses the cost method to account for its common stock purchases. During the year ended December 31, 2015, CTS purchased 984,382 shares of common stock for $18,088 under a board-authorized share repurchase program. For the year ended December 31, 2014, CTS purchased 460,496 shares of common stock for $8,002. Approximately $17,554 is available for future purchases.

A roll forward of common shares outstanding is as follows:

	As of
	December 31, 2015		December 31, 2014
Balance at beginning of the year	33,392,060		33,558,864
Repurchases	(984,382	)	(460,496	)
Stock option issuances	5,200		101,350
Restricted share issuances	135,599		192,342
Balance at end of period	32,548,477		33,392,060