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Stock Repurchases
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Stock Repurchases
Stock Repurchases
The following table summarizes the Company's stock repurchases during each reporting period:
 
Year Ended
 
December 31,
2015
 
December 31,
2014
 
December 31,
2013
 
(In thousands, except per share data)
Total number of shares repurchased
1,424

 
884

 
885

Dollar amount of shares repurchased
$
50,021

 
$
24,091

 
$
20,962

Average price paid per share
$
35.13

 
$
27.24

 
$
23.70


In August 2012, the Company's Board of Directors authorized a program (the "2012 Stock Repurchase Program") to repurchase up to $50.0 million of common stock, of which approximately $45.1 million had been repurchased as of December 31, 2014, and approximately $4.9 million had been repurchased during the second quarter of 2015 at which time the 2012 Stock Repurchase Program was concluded.
In November 2014, the Company's Board of Directors authorized a program (the "2014 Stock Repurchase Program") to repurchase up to $50.0 million of common stock of which approximately $45.1 million had been repurchased as of December 31, 2015. The 2014 Stock Repurchase Program has a total of $4.9 million remaining for future repurchases as of December 31, 2015, and the program has no expiration date.
The following table presents a summary of our stock repurchase activity for the year ended December 31, 2015:
 
Total Number of Shares Purchased
 
Average Price
Paid per Share
 
Total Amounts of Shares Purchased Under Publicly Announced Programs
 
(In thousands, except per share data)
During fiscal year ended December 31, 2015:
 
 
 
 
 
May 1, 2015 to May 31 2015
321

 
$
35.91

 
$
11,528

June 1, 2015 to June 30, 2015
360

 
37.48

 
13,493

August 1, 2015 to August 31, 2015
189

 
33.75

 
6,378

September 1, 2015 to September 30, 2015
554

 
33.61

 
18,622

Total share repurchased during 2015
1,424

 
35.13

 
$
50,021