XML 25 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
A summary of shares repurchased under our stock repurchase program authorized by our Board of Directors follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Shares repurchased
0.9

 
1.0

 
0.9

 
8.9

Aggregate purchase price
$
34.9

 
$
50.0

 
$
34.9

 
$
420.6

Average purchase price per share
$
39.92

 
$
48.51

 
$
39.92

 
$
47.35



As of June 30, 2017, $263.7 million remained available for share repurchases under the program.
A summary of shares of common stock issued in connection with the exercise of stock options follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Shares issued (in actual number of shares)
46,817

 
96,496

 
678,858

 
122,757

Proceeds from the exercise of stock options
$
1.3

 
$
2.6

 
$
22.8

 
$
3.2

Average exercise price per share
$
28.55

 
$
26.93

 
$
33.65

 
$
26.08



The following table presents a summary of shares of common stock issued in connection with grants of restricted stock and settlement of restricted stock units (“RSUs”), as well as shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the vesting of restricted stock (in actual number of shares):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Shares issued
—

 
14,259

 
20,000

 
152,683

Shares surrendered to AutoNation to satisfy tax withholding obligations
17,796

 
24,125

 
25,920

 
32,885