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Stock Repurchase Program
9 Months Ended
Sep. 30, 2013
Stock Repurchase Program

13. Stock Repurchase Program

On December 14, 2011, the Company announced that its Board of Directors had authorized the repurchase of $150.0 million of the Company’s outstanding common stock. During the first nine months of 2013, the Company repurchased 171,263 shares of common stock for $7.8 million, or $45.54 per share, under this authorization. All of the shares purchased during the nine months of 2013 were retired prior to September 30, 2013. As of September 30, 2013, $98.1 million of the $150.0 million authorization remained available for repurchase of the Company’s common stock.