Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

The following table summarizes our common share repurchases and issuances.

	Three Months Ended   March 31,
(Shares and per share amounts in actuals)	2019		2018
Common stock repurchased under repurchase program(1)	5,435,476		—
Average purchase price per share(2)	$	11.04	$	—
Shares repurchased related to employee stock-based compensation plans(3)	1,289,391		2,740,018
Average purchase price per share	$	10.95	$	11.31
Common shares issued(4)	3,470,664		5,559,991

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⁽¹⁾ Common shares purchased under our share repurchase program, of which $140 million remained available as of March 31, 2019.

⁽²⁾  Average purchase price per share includes purchase commission costs.

⁽³⁾  Comprised of 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.

⁽⁴⁾ Common shares issued under our various compensation and benefit plans.

The closing price of our common stock on March 29, 2019 was $9.91.

Dividend and Share Repurchases

In the three months ended March 31, 2019, we paid a common stock dividend of $0.03 per common share. We did not pay common stock dividends in the three months ended March 31, 2018.

Under our share repurchase program, we repurchased 5 million shares of common stock for $60 million in the three months ended March 31, 2019. Our share repurchase program permits us to repurchase from time to time shares of our common stock up to an aggregate repurchase price not to exceed $200 million and expires on January 22, 2021. In the three months ended March 31, 2018, we only repurchased common stock acquired in connection with taxes withheld resulting from award exercises and vesting under our employee stock-based compensation plans.