Stock Repurchase Program

6 Months Ended

Jun. 30, 2016

Treasury Stock [Abstract]

Treasury Stock

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 of directors or when all authorized repurchases are completed. Under the Stock Repurchase program, 161,456 and 444,776 shares were repurchased, during the three and six months ended June 30, 2016, respectively, at a cost of $6.0 million and $16.9 million, respectively.

See Note 17, Subsequent Events, for discussion of the Company's stock repurchase activity subsequent to June 30, 2016.