Stock Repurchase Program

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Shareholders' Equity

Stock Repurchase Program

On July 28, 2015, the Company's board of directors authorized a stock repurchase program (the Stock Repurchase Program) pursuant to which the Company may, from time to time, repurchase up to $250.0 million of its common stock. The Stock Repurchase Program will end upon the earlier of the date on which it is terminated by the Board or when all authorized repurchases are completed. Under the Stock Repurchase program, 1,507,766 shares were repurchased during 2015, at a cost of $57.4 million.

See Note 23, Subsequent Events, for discussion of the Company's stock repurchase activity subsequent to December 31, 2015.