Stockholders' Deficit

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Treasury Stock

Treasury stock is accounted for under the cost method. Treasury stock includes shares repurchased under Stock Repurchase Programs and shares withheld in lieu of tax withholdings due upon vesting of RSUs.

On July 24, 2013, the Board authorized the repurchase of up to $518.7 million of the Company’s common stock, in addition to $481.3 million remaining available under the previous 2012 Share Buyback Program for a total repurchase authorization of $1.0 billion of the Company’s common stock (collectively “the 2013 Share Buyback Program”). The 2013 Share Buyback Program has no expiration date. Purchases made under the 2013 Share Buyback Program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions.

On January 31, 2014, the Board authorized the repurchase of up to $527.6 million of common stock, in addition to the $472.4 million of our common stock remaining available for repurchase under the 2013 Share Buyback Program, for a total repurchase authorization of up to $1.0 billion of our common stock (collectively “the 2014 Share Buyback Program”). The 2014 Share Buyback Program has no expiration date. Purchases made under the 2014 Share Buyback Program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions.

Tax Withholdings

Upon vesting of RSUs, the Company places a portion of the vested RSUs into treasury stock sufficient to cover tax withholdings due, and makes a cash payment to tax authorities to cover the applicable withholding taxes.

The summary of the Company’s common stock repurchases for 2013, 2012 and 2011 are as follows:

	2013				2012				2011
	Shares		Average Price		Shares		Average Price		Shares		Average Price
	(In thousands, except average price amounts)
Total repurchases under the repurchase plans	21,006		$	48.65	7,692		$	40.90	16,318		$	32.76
Total repurchases for tax witholdings	298		$	46.16	279		$	39.63	465		$	33.37
Total repurchases	21,304		$	48.61	7,971		$	40.86	16,783		$	32.78
Total costs	$	1,035,617			$	325,680			$	550,097

Since inception, the Company has repurchased 186.6 million shares of its common stock for an aggregate cost of $6.0 billion, which is recorded as a reduction of Additional paid-in capital.

Special Dividends

On April 27, 2011, the Board declared a special dividend of $2.75 per share of the Company’s common stock, totaling $463.5 million, which was paid on May 18, 2011. The special dividend was accounted for as a reduction of Additional paid-in capital. The Company did not pay any dividends during 2012 and 2013.

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the components of Accumulated other comprehensive loss for 2013 and 2012:

	Foreign Currency Translation Adjustments Loss			Unrealized Gain On Investments, net of tax			Total Accumulated Other Comprehensive Loss
	(In thousands)
Balance, December 31, 2011	$	(3,241	)	$	157		$	(3,084	)
Changes	—			2,696			2,696
Balance, December 31, 2012	(3,241		)	2,853			(388		)
Changes	81			(2,778		)	(2,697		)
Balance, December 31, 2013	$	(3,160	)	$	75		$	(3,085	)

The change in the unrealized gain on investments, net of tax during 2013 was due primarily to the sale of the Company’s investment in the equity securities of a public company and the reclassification of the related gain out of Accumulated other comprehensive loss and into net income. This gain is included in Non-operating income, net as discussed in Note 12, “Non-Operating Income, net”.