Common Stock Repurchase Plan

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Common Stock Repurchase Plan

NOTE 19.  COMMON STOCK REPURCHASE PLAN

On July 29, 2016, the Company announced that its Board of Directors had approved a share repurchase program pursuant to which the Company is authorized to repurchase up to $150.0 million of its outstanding shares of common stock through July 31, 2018 (the “Program”). Repurchases under the Program may be made through open market, block and privately-negotiated transactions, including Rule 10b5-1 plans, at times and in such amounts as management deems appropriate, subject to market and business conditions, regulatory requirements and other factors. The Program does not obligate the Company to repurchase any particular amount of common stock and may be suspended or discontinued at any time without notice. During the third quarter of 2016, 187,331 shares were repurchased under the Program for a total cost of $7.8 million, or an average price of $41.78 per share.