Stock Repurchases

9 Months Ended

Sep. 30, 2016

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 November 23, 2015, 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 September 30, 2016, we had authorization to repurchase 815,150 shares of our common stock.

We did not have any stock repurchases for the three months ended September 30, 2016 and 2015. The following table summarizes our stock repurchases for the nine months ended September 30, 2016 and 2015:



(Dollars in millions)	For the Nine Months Ended September 30,
	2016			2015
Stock Repurchases	Number of Shares Repurchased	Cost		Number of Shares Repurchased	Cost
Open Market	45,300	$	7.6	—	$	—
Other (1)	170,668	33.2		6,065	1.1
Total	215,968	$	40.8	6,065	$	1.1


(1)	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 and the conversion of restricted stock units to common stock.