Equity

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

Equity

Equity

Share Repurchase Program

The Company has a $500.0 million share repurchase program, of which $83.6 million remained available for share repurchases as of September 30, 2013. Repurchases may be made from time-to-time through open market purchases, private transactions, tender offers or other transactions. The amount and timing of repurchases will be subject to the availability of stock, prevailing market conditions, the market price of the stock, the Company’s financial performance and other conditions. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s shared-based compensation awards. Repurchases may be funded from operating cash flow or borrowings. The Company’s share repurchase activity is included in the following table:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Number of shares repurchased (1)	1,016,978		95,833		2,859,246		2,260,093
Cost of repurchased shares (in thousands)	$	59,252	$	4,626	$	157,251	$	89,300

(1) The average purchase price for the shares was $58.26 and $55.00 for the three and nine months ended September 30, 2013, respectively, and $48.27 and $39.51 for the three and nine months ended September 30, 2012, respectively.