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SHAREHOLDERS' DEFICIT | 12 Months Ended
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Dec. 31, 2017
SHAREHOLDERS' DEFICIT |
SHAREHOLDERS' DEFICIT | 8. STOCKHOLDERS' DEFICIT Share Repurchase Program In February 2017, we announced a new capital return plan, the 2017 Capital Return Plan. The 2017 Capital Return Plan authorized a combination of repurchases of stock and/or repurchases, redemptions or prepayments of debt up to $150.0 million, through tender offers, open market purchases, private transactions, exchange offers or other means through December 31, 2017. In August 2017, we repurchased 1,317,771 shares of our common stock for approximately $17.5 million of the net proceeds from the offering of the 2025 Notes. In October 2017, we entered into an accelerated share repurchase (ASR) agreement with a financial institution to repurchase $80.0 million of our common stock under the 2017 Capital Return Plan. In December 2017, we repurchased of 6,112,335 shares of our common stock under the ASR agreement. The following table shows our share repurchase activity and related information on the ASR:
(In thousands except per share data) |  |  |
Purchase period end date |  |  | December 2017 |
Shares repurchased and retired |  |  | 6,112 |
Amount |  | $ | 80,000 |
Average price per share |  | $ | 13.09 |
On October 28, 2015, we announced the 2016 Share Repurchase Program. As a component of the Share Repurchase Program, on October 30, 2015, we commenced a "modified Dutch auction" tender offer (the "October 2015 TO") to purchase up to $75 million of our common stock, at a price per share of not less than $8.50 and not greater than $9.25, which was contingent upon satisfaction of customary conditions. The October 2015 TO expired on December 1, 2015. The following table shows our share repurchase activity and related information on the October 2015 TO:
(In thousands except per share data) |  |  |
Purchase period end date |  |  | December 2015 |
Shares repurchased and retired |  |  | 2,576 |
Amount |  | $ | 24,641 |
Average price per share |  | $ | 9.56 |
Additionally, as part of the 2016 Share Repurchase Program, we repurchased shares of our common stock in the open market, which were retired upon repurchase, during the periods presented as follows:
|  | December 31, |
(In thousands except per share data) |  | 2016 |  | 2015 |
Shares repurchased and retired |  |  | 7,201 |  |  | 100 |
Amount |  | $ | 78,095 |  | $ | 995 |
Average price per share |  | $ | 10.84 |  | $ | 9.95 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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