Stockholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholders' Equity

NOTE 9: STOCKHOLDERS’ EQUITY

On February 15, 2013, our Board of Directors authorized the repurchase of $250 million of our shares of common stock under a share repurchase program. The repurchase program has no expiration but may be suspended or terminated by the Board of Directors at any time. Our Board of Directors will determine the price, timing, amount and method of such repurchases based on its evaluation of market conditions and other factors, and any shares repurchased will be in compliance with applicable legal requirements, at prices determined to be attractive and in the best interests of both the Company and its stockholders.

During the six months ended June 30, 2016, we repurchased 208,137 shares of outstanding common stock under the share repurchase program at an aggregate cost of $12 million, or an average share price of $59.79. As of June 30, 2016, we have repurchased 2,328,846 shares of outstanding common stock under the share repurchase program at an aggregate cost of $158 million.  As of June 30, 2016, we have a remaining amount from the authorized share repurchase program granted by the Board of Directors of $92 million to repurchase shares of our common stock.