Repurchases Of Common Stock

6 Months Ended

Jun. 30, 2020

REPURCHASES OF COMMON STOCK

We primarily acquire shares by repurchases in the open market. However, we also acquire shares that are surrendered by employees in payment for the minimum required statutory withholding taxes due on the vesting of restricted stock units and the settlement of deferred stock units, otherwise referred to herein as employee surrenders. We issue shares of treasury stock upon the vesting of certain restricted stock units and upon the exercise of certain stock options. The number of shares of treasury stock issued during the three and six months ended June 30, 2020 and 2019, was not material.

The following is a summary of our open market common stock repurchases, reported on a trade date basis, and shares acquired through employee surrender:


(in thousands, except per share amounts)	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019

Shares repurchased in the open market	—		86		721		353
Shares acquired through employee surrender for statutory tax withholding	—		1		30		37
Total shares repurchased	—		87		751		390

Cost of shares repurchased in the open market	$	—	$	20,285	$	179,623	$	74,147
Cost of shares for employee surrenders	65		169		8,669		7,572
Total cost of shares	$	65	$	20,454	$	188,292	$	81,719

Average cost per share - open market repurchases	$	—	$	235.94	$	249.20	$	209.81
Average cost per share - employee surrenders	$	312.19	$	249.77	$	288.94	$	207.16
Average cost per share - total	$	312.19	$	236.04	$	250.79	$	209.56