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Stockholders' Equity
12 Months Ended
Dec. 31, 2013
Stockholders' Equity  
Stockholders' Equity

(18) Stockholders' Equity

        The Company's current policy, which is reviewed continually, is to retain earnings to finance the operations and expansion of its businesses and to return capital to stockholders through repurchases. As a result, the Company is not currently paying dividends on common stock.

Stock Repurchase Program

        To facilitate its stock repurchase program, designed to return value to stockholders and minimize dilution from stock issuances, the Company repurchases shares in the open market. The table below summarizes the Company's share repurchases beginning January 1, 2010 under its Board of Directors' authorizations:

 
   
  Amount
Authorized
by Board
(Shares in
millions)
   
  Shares
Remaining
Under Board
Authorization
(millions)
  Shares Repurchased
Under Board
Authorization
 
 
   
  Total
Shares
Purchased
(millions)
 
 
  Expiration
Date
 
Repurchase Program Authorization Date
  2013   2012   2011  

July 2010

  none     4.0     4.0                 2.9  

October 2011

  none     4.0     4.0         1.5     2.5     0.1  

May 2013

  none     4.0     0.5     3.5     0.5          
                                     

Total shares repurchased under authorization

                          2.0     2.5     3.0  
                                     
                                     

Cost (millions)

                        $ 28.2   $ 23.5   $ 38.9  
                                     

Average share price

                        $ 14.05   $ 9.50   $ 13.09  
                                     

        The Company also repurchased approximately 0.4 million, 0.3 million and 0.3 million shares of common stock during 2013, 2012 and 2011, respectively, to satisfy the minimum statutory employee withholding tax upon the net settlement of equity awards.