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Share Repurchase Program
6 Months Ended
Jun. 30, 2015
Proceeds from (Repurchase of) Equity [Abstract]  
Share repurchase program
NOTE 5 – SHARE REPURCHASE PROGRAM

In January of 2011, the Company's Board of Directors approved a share repurchase program. Under the program, the Company may, from time to time, repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate trading policy requirements and overall market conditions. The Company and its Board of Directors may increase or otherwise modify, renew, suspend or terminate the share repurchase program at any time, without prior notice. As announced on February 4, 2015, and May 29, 2015, the Company's Board of Directors each time approved a resolution to increase the authorization amount under the share repurchase program by an additional $500 million, resulting in a cumulative authorization amount of $5.5 billion. Each additional $500 million authorization is effective for a three-year period, beginning on its respective announcement date.

The following table identifies shares of the Company's common stock that have been repurchased as part of the Company's publicly announced share repurchase program (in thousands, except per share data):

 
For the Three Months Ended 
 June 30,
 
For the Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Shares repurchased
1,987

 
1,873

 
2,637

 
2,022

Average price per share
$
221.50

 
$
148.21

 
$
218.05

 
$
148.21

Total investment
$
440,129

 
$
277,561

 
$
574,932

 
$
299,625



As of June 30, 2015, the Company had $704.4 million remaining under its share repurchase program. Subsequent to the end of the second quarter and through August 7, 2015, the Company repurchased an additional 0.2 million shares of its common stock under its share repurchase program, at an average price of $231.47, for a total investment of $57.2 million. The Company has repurchased a total of 49.2 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through August 7, 2015, at an average price of $98.57, for a total aggregate investment of $4.9 billion.