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Equity (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of share repurchase activity
The Company’s recent share repurchase activity is presented in the following table:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Number of shares repurchased (1)
1,527,084

 
865,325

 
4,226,798

 
1,842,268

Cost of repurchased shares (in thousands) (2)
$
111,598

 
$
49,472

 
$
307,448

 
$
98,000

 
(1)
The average purchase price for the shares was $69.59 and $70.07 for the three and six months ended June 30, 2014, respectively, and $57.17 and $53.19 for the three and six months ended June 30, 2013, respectively.

(2)
The cost of repurchased shares for the six months ended June 30, 2014 includes payment for share repurchase transactions that occurred in late December 2013 but were settled in early January 2014.