SUPPLEMENTAL CASH FLOW DISCLOSURES

12 Months Ended

Dec. 31, 2016

Supplemental Cash Flow Elements [Abstract]



	Year Ended December 31,
	2016		2015		2014
In thousands
Interest paid during the year	$	30,211	$	19,372	$	18,445
Income taxes paid during the year, net of amount refunded	$	121,563	$	147,958	$	125,212
Business acquisitions:
Fair value of assets acquired	3,118,420		156,020		454,596
Liabilities assumed	1,453,382		20,789		124,005
Non-controlling interest assumed	760,343		—		—
Stock and cash paid	904,695		135,231		330,591
Less: Cash acquired	186,903		5,681		30,154
Stock used for acquisition	534,679		—		—
Net cash paid	$	183,113	$	129,550	$	300,437

On November 9, 2015, the Board of Directors amended its stock repurchase authorization to $350 million of the Company’s outstanding shares. Through December 31, 2015, purchases totaled $316.7 million leaving $33.3 million under the authorization.

On February 9, 2016 the Board of Directors amended its stock repurchase authorization to $350 million of the Company's outstanding shares. Through December 31, 2016, purchases totaled $212.2 million leaving $137.8 million under the authorization. This new stock repurchase authorization supersedes the previous authorization of $350 million of which $33.3 million remained.

The Company intends to purchase shares on the open market or in negotiated or block trades. No time limit was set for the completion of the programs which conform to the requirements under the 2016 Refinancing Credit Agreement, as well as the Notes currently outstanding.

During the first quarter of 2016, the Company repurchased 1,950,000 shares at an average price of $68.58 per share. There were no repurchases in the second quarter of 2016. During the third quarter of 2016, the Company repurchased 1,096,408 shares at an average price of $71.54 per share. There were no repurchases in the fourth quarter of 2016. All purchases were on the open market.

During the first and second quarters of 2015, no shares were repurchased. During the third quarter of 2015, the Company repurchased 237,027 shares at an average price of $94.23 per share. During the fourth quarter of 2015, 4,652,000 shares were repurchased at an average price of $78.56. All purchases were on the open market.