STOCK REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2017

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

NOTE 11 — STOCK REPURCHASE PROGRAM

On October 20, 2016, the Company announced a share repurchase authorization of up to $350 million of common stock.  This authorization replaces previous authorizations and has no expiration date.  Aptar may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. 

During the three and six months ended June 30, 2017, the Company repurchased approximately 613 thousand and 822 thousand shares for approximately $51.7 million and $67.7 million, respectively.  During the three and six months ended June 30, 2016, the Company repurchased approximately 523 thousand and 636 thousand shares for approximately $40.1 million and $48.7 million, respectively.  As of June 30, 2017, there was $235.7 million of authorized share repurchases available to the Company.