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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Schedule of Common Share Repurchases
The following table summarizes our common share repurchases and issuances associated with these programs.
 
 
 
Three Months Ended
September 30, 
 
Nine Months Ended September 30,
(Shares and per share amounts in actuals)
 
2014 
 
2013
 
2014 
 
2013
Shares repurchased related to employee stock-based compensation plans(1)
 
356,622

 
251,570

 
715,393

 
5,616,933

Average purchase price per share
 
$
8.68

 
$
24.73

 
$
8.68

 
$
21.23

Common shares issued(2)
 
584,787

 
326,789

 
1,089,716

 
8,600,008

 
(1) 
Comprises shares withheld from stock option exercises and vesting of restricted stock for employees’ tax withholding obligations and shares tendered by employees to satisfy option exercise costs.
(2) 
Common shares issued under our various compensation and benefit plans.
Schedule of Net Transfers (to) from Navient
The components of the net transfers (to)/from the entity that is now a subsidiary of Navient are summarized below:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2014
 
2013
 
2014
 
2013
Capital contributions:
 
 
 
 
 
 
 
 
Loan origination activities
 
$

 
$
35,092

 
$
32,452

 
$
93,721

Loan sales
 

 
2

 
45

 
27

Corporate overhead activities
 

 
15,321

 
21,216

 
48,436

Other
 

 
(1,766
)
 
492,368

 
(1,032
)
Total capital contributions
 

 
48,649

 
546,081

 
141,152

Dividend
 

 

 

 
(120,000
)
Corporate push-down
 

 
(5,726
)
 
4,977

 
(99
)
Net change in income tax accounts
 

 
(58,025
)
 
15,659

 
(58,025
)
Net change in receivable/payable
 

 
(68,978
)
 
(87,277
)
 
(103,131
)
Other
 

 

 
(31
)
 
564

Total net transfers from/(to) the entity that is now a subsidiary of Navient
 
$

 
$
(84,080
)
 
$
479,409

 
$
(139,539
)