Repurchases of Common Stock

9 Months Ended

Sep. 30, 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 nine months endedSeptember 30, 2015, we repurchased a total of 1,840,318 shares of our common stock, via open market repurchases and a 10b5-1 plan, with an average price per share of $67.10 for $123.5 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	2,552
Repurchase of common stock from open market	(123,489		)
Authorized repurchase - as of September 30, 2015	$	292,718