XML 39 R23.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' Equity
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stockholders' Equity

14. Stockholders’ Equity

 

Our board of directors is authorized, subject to any limitations imposed by law, without the approval of our stockholders, to issue a total of 25,000,000 shares of preferred stock, in one or more series, with each such series having rights and preferences including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, as our board of directors may determine.

 

We may repurchase shares awarded to certain grant recipients under our various equity compensation plans to satisfy minimum statutory federal, state and local tax withholding obligations arising from the vesting of their equity awards. During the years ended December 31, 2015 and 2014, 332,799 and 242,461 shares, respectively, with an average price paid per share of $32.87 and $31.31, respectively, were repurchased relating thereto. No shares were repurchased during the year ended December 31, 2016.

 

On October 27, 2016, we announced that our board of directors had authorized the company to repurchase up to an aggregate of $250 million of its Class A common stock over three years.