The Company’s recent share repurchase activity is presented in the following table:



	Three Months Ended
	March 31,
	2014		2013
Number of shares repurchased (1)	2,699,714		976,943
Cost of repurchased shares (in thousands) (2)	$	195,850	$	48,527


(1)	The average purchase price for the shares was $70.34 and $49.67 for the three months ended March 31, 2014 and 2013, respectively.


(2)	The cost of repurchased shares for 2014 includes payment for share repurchase transactions that occurred in late December 2013 and were settled in early January 2014.