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Stock Buy Back Plans
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stock Buy Back Plans

NOTE 16. Stock Buy Back Plans

On February 2, 2016, our Board of Directors authorized the purchase of up to $100 million of our Class A Common Stock. This authorization expired on December 31, 2016. We purchased 2,672,227 shares under this authorization during the year ended December 31, 2016, completing the authorization.  

We purchased 73,546 shares for $2.5 million and 77,732 shares for $2.9 million during the years ended December 31, 2016 and 2015, respectively, related to employee withholding upon vesting of restricted stock.

The following table displays the number of shares purchased during 2016 and the maximum value of shares that may yet be purchased under the plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum Value of

 

 

Total

 

 

 

 

 

 

Total Number of

 

 

Shares that May Yet

 

 

Number of

 

 

Average

 

 

Shares Purchased as

 

 

Be Purchased Under

 

 

Shares

 

 

Price Paid

 

 

Part of Publicly

 

 

the Plan

 

 

Purchased

 

 

Per Share

 

 

Announced Plan

 

 

(in 000’s)

 

January 1 to January 31

 

-

 

 

$

-

 

 

 

-

 

 

$

100,000

 

February 1 to February 28

 

943,983

 

 

$

33.97

 

 

 

943,983

 

 

$

67,932

 

March 1 to March 31

 

269,099

 

 

$

38.27

 

 

 

269,099

 

 

$

57,632

 

April 1 to April 30

 

454,729

 

 

$

38.78

 

 

 

454,729

 

 

$

40,000

 

May 1 to May 31

 

307,798

 

 

$

38.34

 

 

 

307,798

 

 

$

28,199

 

June 1 to June 30

 

330,265

 

 

$

39.96

 

 

 

330,265

 

 

$

15,000

 

July 1 to July 31

 

66,422

 

 

$

41.03

 

 

 

66,422

 

 

$

12,275

 

August 1 to August 31

 

299,931

 

 

$

40.92

 

 

 

299,931

 

 

$

-

 

September 1 to September 30

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

October 1 to October 31

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

November 1 to November 30

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

December 1 to December 31

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

           Total

 

2,672,227

 

 

$

37.42

 

 

 

2,672,227

 

 

$

-

 

 

This table excludes 73,546 shares we purchased for $2.5 million during the year ended December 31, 2016 related to employee withholding upon vesting of restricted stock.