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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity The following table summarizes our common share repurchases and issuances.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Shares and per share amounts in actuals) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Common stock repurchased under repurchase program(1) |  | 4,436,963 |  |  | — |  |  | 15,861,718 |  |  | — |
Average purchase price per share(2) |  | $ | 8.45 |  |  | $ | — |  |  | $ | 9.94 |  |  | $ | — |
Shares repurchased related to employee stock-based compensation plans(3) |  | 15,238 |  |  | 116,151 |  |  | 1,328,665 |  |  | 3,056,746 |
Average purchase price per share |  | $ | 9.54 |  |  | $ | 11.54 |  |  | $ | 10.92 |  |  | $ | 11.34 |
Common shares issued(4) |  | 26,137 |  |  | 397,004 |  |  | 3,677,821 |  |  | 6,341,950 |
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(1) | Common shares purchased under our share repurchase program. $43 million of capacity under the program remained available as of September 30, 2019.
(2) | Average purchase price per share includes purchase commission costs.
(3) | Comprised of shares withheld from stock option exercises and vesting of restricted stock for employees’ tax withholding obligations and shares tendered by employees to satisfy option exercise costs.
(4) | Common shares issued under our various compensation and benefit plans.
The closing price of our common stock on September 30, 2019 was $8.83. Dividend and Share Repurchases In September 2019, we paid a common stock dividend of $0.03 per common share. In the nine months ended September 30, 2019, we paid a total common stock dividend of $0.09 per common share. Under our share repurchase program, we repurchased 4 million shares of common stock for $37 million in the three months ended September 30, 2019 and 16 million shares of common stock for $157 million in the nine months ended September 30, 2019. Our share repurchase program permits us to repurchase from time to time shares of our common stock up to an aggregate repurchase price not to exceed $200 million and expires on January 22, 2021. In the three and nine months ended September 30, 2018, we only repurchased common stock acquired in connection with taxes withheld resulting from award exercises and vesting under our employee stock-based compensation plans.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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