Stock Repurchase

12 Months Ended

Dec. 31, 2016

Stock Repurchase

Stock Repurchase

(11) Stock Repurchase

The Company’s Board of Directors has previously authorized the repurchase of the Company’s common stock in the public market. The Company did not repurchase any shares of its common stock during the year ended December 31, 2016. During the years ended December 31, 2015 and 2014, the Company repurchased 1.3 million and 0.7 million shares of common stock for approximately $18.7 million and $8.4 million, respectively at a weighted average price per share of $14.98 and $12.54, respectively. Subsequent to December 31, 2016, the Company’s Board of Directors authorized $100 million for additional repurchases of the Company’s common stock over a three year period.