Stock Repurchases

12 Months Ended

Dec. 31, 2014

STOCK REPURCHASES

Our board of directors approved a stock repurchase program which authorizes us to repurchase common shares in the open market or in privately negotiated transactions at price levels we deem attractive. On March 7, 2013, the board of directors authorized the repurchase of up to one million shares of our common stock in addition to the board’s prior authorizations. As of December 31, 2014, we had authorization to repurchase 324,456 shares of our common stock.

The following table summarizes our stock repurchases for the years ended December 31, 2014, 2013, and 2012:



(Dollars in millions)	For the Years Ended December 31,
	2014			2013			2012
Stock Repurchases	Number of Shares Repurchased	Cost (1)		Number of Shares Repurchased	Cost		Number of Shares Repurchased	Cost (1)
Open Market	—	$	—	1,209,756	$	134.5	727,319	$	66.5
Tender Offer	2,548,868	325.3		—	—		1,000,000	84.8
Other (2)	137,876	18.4		6,259	0.7		13,053	1.2
Total	2,686,744	343.7		1,216,015	$	135.2	1,740,372	$	152.5


(1)	Tender Offer Cost amounts include offering costs of $0.3 million for both 2014 and 2012.


(2)	Represents shares of common stock released to us by team members as payment of tax withholdings due to us upon the vesting of restricted stock and restricted stock units.