TREASURY STOCK PURCHASE

3 Months Ended

Mar. 31, 2015

TREASURY STOCK PURCHASE

TREASURY STOCK PURCHASE

13.TREASURY STOCK PURCHASE

On April 7, 2013, the Company’s Board of Directors authorized a new share repurchase program for the repurchase of up to $200.0 million of the Company’s outstanding common stock (the “April 2013 Repurchase Plan”). During the three-months ended March 31, 2015, no shares of common stock were purchased under the April 2013 Repurchase Plan.

During the three-months ended March 31, 2015, 2.2 million shares were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $251.4 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs, including the April 2013 Repurchase Plan.