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Equity
6 Months Ended
Jun. 30, 2018
Equity  
Equity

10. Equity

 

During the six months ended June 30, 2018, we repurchased or acquired 1,252,624 shares of our common stock. In the first quarter of 2018, we repurchased 1,133,016 shares of our outstanding common stock from Mitsui for $50.0 million, or an average of $44.13 per share, under our securities repurchase program approved by our Board of Directors. While we did not repurchase any common stock under this program during the second quarter of 2018, we acquired 119,608 shares of our common stock for $5.8 million, or an average of $48.61 per share, from employees in connection with a net share settlement feature of employee equity awards. As of June 30, 2018, our remaining authorization under our securities repurchase program was $150.0 million.