Equity (Notes) |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure | Equity (All shares reported in whole numbers) Our components of Accumulated other comprehensive income are as follows:
The assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. The U.S. dollar amount that arises from such translation, as well as exchange gains and losses on intercompany balances of a long-term investment nature, are included in the foreign currency translation adjustment in Accumulated other comprehensive income. Cash Dividends On May 11, 2016, our Board of Directors approved a cash dividend of $0.13 per common share. This dividend, totaling $25.2 million, was paid on June 30, 2016. Share Repurchases Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases in the open market or through privately negotiated transactions under our stock repurchase program. During the six months ended June 30, 2016, we repurchased 3,309,944 shares of common stock at an aggregate cost of $81.5 million, which is an average cost per share of $24.62. After these repurchases the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $199.5 million at June 30, 2016. Subsequent to June 30, 2016, we repurchased 267,158 shares of common stock at an aggregate cost of $7.5 million, which is an average cost per share of $28.06. After these third quarter repurchases, the remaining dollar value of shares authorized to be repurchased under our repurchase program is $192.0 million. |