Stockholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity

Stockholders' Equity

(17) 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 Repurchased (millions)
	Expiration Date
Repurchase Program Authorization Date								2014		2013		2012
October 2011	none		4.0		4.0		—		—		1.5		2.5
May 2013	none		4.0		3.2		0.8		2.7		0.5		—
October 2014	none		4.0		—		4.0		—		—		—
Total shares repurchased under authorization									2.7		2.0		2.5
Cost (millions)								$	48.2	$	28.2	$	23.5
Average share price								$	18.03	$	14.05	$	9.50

        The Company also repurchased approximately 0.4 million, 0.4 million and 0.3 million shares of common stock during 2014, 2013 and 2012, respectively, to satisfy the minimum statutory employee withholding tax upon the net settlement of equity awards.