Stock Repurchases

12 Months Ended

Dec. 31, 2015

STOCK REPURCHASES

Our board of directors approved a stock repurchase program which authorizes us to repurchase common shares in the open market or in privately negotiated transactions at price levels we deem attractive. On November 23, 2015, the board of directors authorized the repurchase of up to one million shares of our common stock in addition to the board’s prior authorizations. As of December 31, 2015, we had authorization to repurchase 860,450 shares of our common stock.

The following table summarizes our stock repurchases for the years ended December 31, 2015, 2014, and 2013:



(Dollars in millions)	For the Years Ended December 31,
	2015			2014			2013
Stock Repurchases	Number of Shares Repurchased	Cost		Number of Shares Repurchased	Cost		Number of Shares Repurchased	Cost
Open Market	464,006	$	85.4	—	$	—	1,209,756	$	134.5
Tender Offer (1)	—	—		2,548,868	325.3		—	—
Other (2)	6,065	1.1		137,876	18.4		6,259	0.7
Total	470,071	$	86.5	2,686,744	$	343.7	1,216,015	$	135.2


(1)	Tender Offer Cost amounts include offering costs of $0.3 million for 2014.


(2)	Represents shares of common stock released to us by team members as payment of tax withholdings due to us upon the vesting of restricted stock and restricted stock units.