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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Common Share Repurchases and Issuances

The following table summarizes common share repurchases and issuances.

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2016      2015      2016      2015  

Common shares repurchased(1)

     14,347,974         12,075,388         47,137,636         41,919,908   

Average purchase price per share

   $ 13.95       $ 14.51       $ 12.21       $ 18.50   

Shares repurchased related to employee stock-based compensation plans(2)

     1,145,017         211,829         2,499,729         2,287,761   

Average purchase price per share

   $ 14.20       $ 15.46       $ 12.36       $ 20.17   

Common shares issued(3)

     1,558,455         563,109         4,525,047         4,781,517   

 

(1) 

Common shares purchased under our share repurchase program.

 

(2) 

Comprises 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.

 

(3) 

Common shares issued under our various compensation and benefit plans.