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Stock Buy Back Plans
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Stock Buy Back Plans

NOTE 16. Stock Buy Back Plans

In November 2012, our Board of Directors authorized the purchase of up to $25.0 million of our Class A Common Stock.  This authorization expired December 31, 2013.  We purchased 377,906 shares during the year ended December 31, 2013.  

On October 22, 2014, our Board of Directors authorized the purchase of up to $75.0 million of our Class A Common Stock. This authorization expires December 31, 2015. We purchased 501,271 shares under this authorization during the year ended December 31, 2014.  

We purchased 80,772 shares for $3.2 million and 75,995 shares for $2.6 million during the years ended December 31, 2014 and 2013, respectively, related to employee withholding upon vesting of restricted stock.

The following table displays the number of shares purchased during 2014 and the maximum value of shares that may yet be purchased under the plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum Value of

 

 

Total

 

 

 

 

 

 

Total Number of

 

 

Shares that May Yet

 

 

Number of

 

 

Average

 

 

Shares Purchased as

 

 

Be Purchased Under

 

 

Shares

 

 

Price Paid

 

 

Part of Publicly

 

 

the Plan

 

 

Purchased

 

 

Per Share

 

 

Announced Plan

 

 

(in 000’s)

 

October 22 to October 31

 

310,982

 

 

$

35.22

 

 

 

310,982

 

 

$

64,047

 

November 1 to November 30

 

190,289

 

 

$

37.16

 

 

 

190,289

 

 

$

56,977

 

December 1 to December 31

 

-

 

 

$

-

 

 

 

-

 

 

$

56,977

 

           Total

 

501,271

 

 

$

35.96

 

 

 

501,271

 

 

$

56,977

 

This table excludes 80,772 shares we purchased for $3.2 million during the year ended December 31, 2014 related to employee withholding upon vesting of restricted stock.