Share Repurchase Program

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Share Repurchase Program

12. Share Repurchase Program

In January 2014, the Board of Directors of the Company authorized a share repurchase program for up to $35.0 million of the Company’s common stock. In July 2014, the Board of Directors increased the authorization under the share repurchase program by an additional $65.0 million of the Company’s common stock. The share repurchase program will expire on December 31, 2015. For the three months ended March 31, 2015, the Company repurchased 117,400 shares of common stock at a cost of $8.9 million. As of March 31, 2015, approximately $53.1 million remains authorized for repurchase under the program.  Shares repurchased under the program will be held in treasury for future use.