Common Stock Repurchase Plan

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Common Stock Repurchase Plan

NOTE 16.  COMMON STOCK REPURCHASE PLAN

On July 29, 2016, we announced that our Board of Directors had approved a share repurchase program pursuant to which we are authorized to repurchase up to $150.0 million of our 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 such 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 us to repurchase any particular amount of common stock and may be suspended or discontinued at any time without notice. During the three months ended March 31, 2017, we repurchased 1.2 million shares under the Program for a total cost of $50.0 million, or an average price of $41.90 per share.  Since inception of the Program, we have repurchased 2.3 million shares under the Program for a total cost of $93.8 million, or an average price of $40.72 per share.