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Treasury Stock | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Treasury Stock | (12) Treasury Stock The Board of Directors has authorized the Company’s repurchase of up to an aggregate of $800.0 million of its class A common stock from time to time on the open market through April 29, 2023 under the Share Repurchase Program, although the program may be suspended or discontinued by the Company at any time. The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be funded using the Company’s working capital, as well as proceeds from any other funding arrangements that the Company may enter into in the future. During 2019, the Company repurchased an aggregate of 521,843 shares of its class A common stock at an average price per share of $139.35 and an aggregate cost of $72.7 million pursuant to the Share Repurchase Program. During 2018, the Company repurchased an aggregate of 880,667 shares of its class A common stock at an average price per share of $126.02 and an aggregate cost of $111.0 million pursuant to the Share Repurchase Program. During 2017, the Company did not repurchase any shares of its class A common stock pursuant to the Share Repurchase Program. As of December 31, 2019, the Company had repurchased an aggregate of 5,229,457 shares of its class A common stock at an average price per share of $101.16 and an aggregate cost of $529.0 million pursuant to the Share Repurchase Program. As of December 31, 2019, $271.0 million of the Company’s class A common stock remained available for repurchase pursuant to the Share Repurchase Program. The average price per share and aggregate cost amounts disclosed above include broker commissions. As of February 13, 2020, the Company’s repurchase of shares in the first quarter of 2020 did not have a material impact on the Company’s outstanding shares of its class A common stock.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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