Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Dividends

The Board of Directors approved the following cash dividends in 2016 (in millions, except per share data):

Declaration Date	Dividends Per Share	Record Date	Cash Payment Amount	Payment Date
February 24, 2016	$0.16	March 11, 2016	$3.8	March 28, 2016
May 9, 2016	$0.16	May 25, 2016	N/A (1)	June 15, 2016

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(1) Amount will be determined based on common stock outstanding as of the record date.

Repurchase of Common Stock

The Company’s Board of Directors authorized a share repurchase program that may be discontinued or amended at any time. The program will expire when the amount authorized has been expended or the Board of Directors withdraws its authorization. As of March 31, 2016, the Company had approximately $9.7 million available for future share repurchases under the program.

The following table summarizes the Company’s stock repurchase activities (in millions, except share and per share data):

	Three Months Ended
	March 31,
	2016		2015
Number of shares repurchased	22,617		48,892
Average price per share	$	77.37	$	61.36
Total repurchase costs	$	1.8	$	3.0