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Treasury Stock
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Treasury Stock
Note 9.               Treasury Stock

On February 28, 2014, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock, inclusive of prior authorizations, from time to time through and including December 31, 2019. Pursuant to this authorization and previous authorizations, we repurchased 158,204 shares of our common stock in 2014 at an average price per share of $48.87, for a total purchase price of $7.7 million.

During the first six months of 2014, we issued 262,110 treasury shares which had an average cost of $6.35 per share for restricted stock units that vested during the period.  In accordance with the Silgan Holdings Inc. 2004 Stock Incentive Plan, we repurchased 109,293 shares of our common stock at an average cost of $48.19 to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units.

We account for treasury shares using the first-in, first-out (FIFO) cost method.  As of June 30, 2014, 24,146,191 shares of our common stock were held in treasury.