Note 14 - Capital Stock (Notes)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital Stock

Share Repurchase Program

On August 9, 2017, Radian Group’s board of directors renewed the Company’s share repurchase program, authorizing the Company to repurchase up to $50 million of its common stock. The current authorization allows the Company to repurchase Radian Group common stock in the open market or in privately negotiated transactions, based on market and business conditions, stock price and other factors. Radian operates this program pursuant to a trading plan under Rule 10b5-1 of the Exchange Act. During the three months ended March 31, 2018, 531,013 shares were purchased at an average price of $18.84 per share, including commissions. At March 31, 2018, purchase authority of up to $40.0 million remained available under this program, which expires on July 31, 2018.

During April 2018, the Company purchased 924,720 shares of its common stock under its share repurchase program at an average price of $16.24 per share, including commissions. At April 30, 2018, purchase authority of up to a maximum of $25 million remained available under this program, which, based on current market conditions, we expect to fully utilize before the program expires.

Other Purchases

We may purchase shares on the open market to settle stock options exercised by employees and purchases under our Employee Stock Purchase Plan. In addition, upon the vesting of certain restricted stock awards under our equity compensation plans, we may withhold from such vested awards shares of our common stock to satisfy the tax liability of the award recipients.