Stock Repurchase

3 Months Ended

Mar. 31, 2016

Class of Stock Disclosures [Abstract]

Stock Repurchase

Stock Repurchase

The following table shows the shares repurchased during the periods indicated:

Period in 2016	Number of Shares Repurchased	Average Price Paid Per Share		Total Number of Shares Repurchased as Part of Publicly Announced Programs
January	1,147,337	$	78.44	1,147,337
February	869,898	70.69		869,898
March	1,405,025	76.12		1,405,025
Total	3,422,260	$	75.52	3,422,260

On November 15, 2013, and September 9, 2015, the Company’s Board of Directors authorized the Company to repurchase up to $600,000 and an additional $750,000, respectively, of its outstanding common stock.

During the three months ended March 31, 2016, the Company repurchased 3,422,260 shares of the Company’s outstanding common stock at a cost of $258,385, exclusive of commissions, leaving $693,717 remaining under the total repurchase authorization at March 31, 2016.

The timing and the amount of future repurchases will depend on market conditions, the Company's financial condition, results of operations, liquidity and other factors.