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SHAREHOLDERS' EQUITY (TABLES)
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
COMMON SHARES ISSUED AND OUTSTANDING
The following table presents our common shares issued and outstanding:
 
  
Three months ended September 30,
 
Nine months ended September 30,
 
 
  
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
Shares issued, balance at beginning of period
176,575

 
176,206

 
176,240

 
175,478

 
 
Shares issued

 
16

 
335

 
744

 
 
Total shares issued at end of period
176,575

 
176,222

 
176,575

 
176,222

 
 
 
 
 
 
 
 
 
 
 
 
Treasury shares, balance at beginning of period
(85,921
)
 
(75,922
)
 
(80,174
)
 
(76,052
)
 
 
Shares repurchased
(2,252
)
 
(4,257
)
 
(8,499
)
 
(4,607
)
 
 
Shares reissued from treasury
37

 
6

 
537

 
486

 
 
Total treasury shares at end of period
(88,136
)
 
(80,173
)
 
(88,136
)
 
(80,173
)
 
 
 
 
 
 
 
 
 
 
 
 
Total shares outstanding
88,439

 
96,049

 
88,439

 
96,049

 
 
 
 
 
 
 
 
 
 
 
SHARE REPURCHASES
The following table presents our share repurchases:
 
  
Three months ended September 30,
 
Nine months ended September 30,
 
 
  
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
In the open market:
 
 
 
 
 
 
 
 
 
Total shares(1)
2,232

 
4,248

 
8,236

 
4,264

 
 
Total cost
$
124,948

 
$
245,658

 
$
434,948

 
$
246,490

 
 
Average price per share(2)
$
56.00

 
$
57.83

 
$
52.81

 
$
57.80

 
 
 
 
 
 
 
 
 
 
 
 
From employees:
 
 
 
 
 
 
 
 
 
Total shares
20

 
9

 
263

 
343

 
 
Total cost
$
1,088

 
$
489

 
$
14,137

 
$
17,586

 
 
Average price per share(2)
$
54.13

 
$
55.59

 
$
53.68

 
$
51.28

 
 
 
 
 
 
 
 
 
 
 
 
Total shares repurchased:
 
 
 
 
 
 
 
 
 
Total shares
2,252

 
4,257

 
8,499

 
4,607

 
 
Total cost
$
126,036

 
$
246,147

 
$
449,085

 
$
264,076

 
 
Average price per share(2)
$
55.98

 
$
57.83

 
$
52.84

 
$
57.32

 
 
 
 
 
 
 
 
 
 
 
(1) The nine months ended September 30, 2016 includes 1,358,380 common shares acquired under the accelerated share repurchase program (see below for more detail).
(2) Calculated using whole figures.