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PREFERRED STOCK (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Repurchases of Depository Shares of Mandatory Convertible Preferred Stock

The following table provides information about our repurchases of depository shares of mandatory convertible preferred stock during the year ended December 31, 2016:

 

 

Number of Depository Shares Repurchased

 

 

Amount Paid for Repurchases

 

 

Average Price Paid per Share

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Three months ended June 30, 2016

 

65,000

 

 

$

5,025

 

 

$

77.31

 

Three months ended September 30, 2016

 

265,000

 

 

 

19,238

 

 

 

72.60

 

Three months ended December 31, 2016

 

105,000

 

 

 

6,647

 

 

 

63.30

 

Total

 

435,000

 

 

$

30,910

 

 

$

71.06