Stock Repurchase

6 Months Ended

Jun. 30, 2016

Class of Stock Disclosures [Abstract]

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
April	1,033,098	79.90		1,033,098
May	845,869	87.01		845,869
June	439,031	84.75		439,031
Total	5,740,258	$	78.71	5,740,258

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 six months ended June 30, 2016, the Company repurchased 5,740,258 shares of the Company’s outstanding common stock at a cost of $451,697, exclusive of commissions, leaving $500,406 remaining under the total repurchase authorization at June 30, 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.