Repurchases of Common Stock

3 Months Ended

Mar. 31, 2015

Class of Stock Disclosures [Abstract]

Repurchases Of Common Stock

Note 9: Repurchases of Common Stock

Board Authorization

On February 3, 2015, the Board approved an additional stock repurchase authorization of up to $250.0 million of its common stock plus the cash proceeds received from the exercise of stock options by our executives, non-employee directors and employees.

Repurchases

In the three months endedMarch 31, 2015, we repurchased a total of 617,195 shares of our common stock, via open market repurchases with an average price per share of $65.96 for $40.7 million.

The following table presents a summary of our authorized stock repurchase balance:

Dollars in thousands	Board Authorization
Authorized repurchase - as of January 1, 2015	$	163,655
Additional board authorization	250,000
Proceeds from the exercise of stock options	339
Repurchase of common stock from open market	(40,708		)
Authorized repurchase - as of March 31, 2015	$	373,286