TREASURY STOCK

On November 4, 2015, the Company announced that the Board of Directors approved a new stock repurchase program authorizing the Company to repurchase up to $50 million of its common stock, at such times and prices as determined by management as market conditions warrant, through December 31, 2016. Pursuant to this authorization, the Company has repurchased shares of its common stock in the open market and in private transactions.

During 2017 and 2018, the Company announced two expansions and extensions of its stock repurchase program. The most recent authorization on February 21, 2018 expanded the program to a total of $300 million and also extended the expiration date to December 31, 2019.

All repurchased shares are held in treasury, reducing the number of shares of common stock outstanding and used in the Company's earnings per share calculation.



Table 11: Details of Treasury Stock Activity
	September 30, 2018					September 30, 2017
	Shares	Amount (1)		Average Share Price (1)		Shares	Amount (1)		Average Share Price (1)
	(in thousands, except share data)
For the Three Months Ended:
Beginning Balance	7,664,325	$	167,919	$	21.91	5,648,778	$	116,592	$	20.64
Repurchases on open market	76,600	2,863		37.38		941,039	21,292		22.63
Ending Balance	7,740,925	$	170,782	$	22.06	6,589,817	$	137,884	$	20.92

For the Nine Months Ended:
Beginning Balance	6,788,817	$	143,357	$	21.12	4,499,655	$	88,756	$	19.73
Repurchases on open market	952,108	27,425		28.80		2,090,162	49,128		23.50
Ending Balance	7,740,925	$	170,782	$	22.06	6,589,817	$	137,884	$	20.92

(1) Includes commissions paid for repurchases on open market.