Share Repurchases

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Share repurchases

16. Share Repurchases

In January 2015, the Board of Directors approved a standing share repurchase authorization, whereby the Company may repurchase up to 15,000,000 shares of its common stock over the following three years. This plan replaced all previously authorized repurchase programs. During the three and six months ended June 30, 2016, the Company repurchased no shares of common stock under the January 2015 authorization. As of June 30, 2016, there were 6,771,458 shares available for repurchase under this plan.

A summary of share repurchase activity during the three and six months ended June 30, 2015 is as follows:

	Three Months Ended June 30,			Six Months Ended June 30,
		2015		2015
Shares of common stock repurchased		3,965,253		6,718,418
Spending on share repurchases (in thousands)		$	300,079	$	500,134
Average price paid per share		$	75.68	$	74.44