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Stock Repurchase
12 Months Ended
Dec. 31, 2019
Stock Repurchase  
Stock Repurchase

(11) Stock Repurchase

The Company’s Board of Directors has adopted a stock repurchase program which authorizes the Company to repurchase shares of the Company’s common stock in the public market or in private transactions, from time to time, at prevailing prices. The Company’s stock repurchase program authorizes the repurchase of up to $250.0 million of the Company’s common stock commencing on February 5, 2019, of which $159.6 million remained available at December 31, 2019.

During the years ended December 31, 2019, 2018 and 2017, the Company repurchased 1.7 million, 1.0 million and 0.5 million shares of common stock (including shares purchased from the Company’s Chairman of the Board see Note 12 Related-Party Transactions for more details) for approximately $94.6 million, $54.4 million and $20.0 million, respectively at a weighted average price per share of $56.86, $56.25 and $41.36, respectively. Additionally, during the year ended December 31, 2019, 2018 and 2017, the Company paid $9.3 million, $13.6 million and $5.1 million, respectively, for a net settlement of the income tax obligation on employee equity awards that vested during the applicable periods.