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Repurchases Of Common Stock

3 Months Ended

Mar. 31, 2015

Repurchases Of Common Stock [Abstract]

Repurchases Of Common Stock

Note 10.      Repurchases of common STOCK 

The following is a summary of our open market common stock repurchases for the three months ended March 31, 2015 and 2014 (in thousands, except per share amounts): 

		For the Three Months Ended March 31,
		2015			2014
Shares repurchased			859			576
Total cost of shares repurchased		$	133,647		$	70,279
Average cost per share		$	155.58		$	122.04

We primarily acquire shares by means of repurchases in the open market. However, we also acquire shares that are surrendered by employees in payment for the minimum required withholding taxes due on the vesting of restricted stock units and the settlement of deferred stock units, otherwise referred to herein as employee surrenders. We acquired 30,625 shares having a total cost of $4.9 million in connection with such employee surrenders during the three months ended March 31, 2015 compared to 40,537 shares having a total cost of $5.0 million during the three months ended March 31, 2014. 

We issue shares of treasury stock upon the vesting of certain restricted stock units and upon the exercise of certain stock options. The number of shares of treasury stock issued during both the three months ended March 31, 2015 and 2014 was not material.

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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.

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