Shareholders' Equity (Notes)

9 Months Ended

Sep. 30, 2019

Statement of Stockholders' Equity [Abstract]

Stockholders' Equity

Shareholders' Equity

On February 7, 2019, the Company's Board of Directors authorized the repurchase of up to 15.0 million shares of the Company's outstanding common stock. This authorization expires in February 2021. During the nine months ended September 30, 2019, the Company repurchased 2.5 million shares of the Company's common stock through open market transactions under the 2019 authorization. The total cash payments for the repurchase of the Company's common stock during the nine months ended September 30, 2019 were $125.0 million.

On September 6, 2019, the Company paid a dividend of $0.17 per share on its outstanding common stock to the shareholders of record as of the close of business on August 23, 2019. The total cash payments for dividends during the nine months ended September 30, 2019 were $68.9 million.