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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Activity Relating to Common Shares

The following table summarizes the activity relating to shares of the Company’s common stock during the nine months ended September 30, 2016 (in thousands):

 

 

Issued

 

 

Treasury

 

 

Outstanding

 

 

Shares

 

 

Shares

 

 

Shares

 

Balance, as of December 31, 2015

 

45,525

 

 

 

(10,415

)

 

 

35,110

 

Shares repurchased

 

 

 

 

(437

)

 

 

(437

)

Shares reissued

 

 

 

 

584

 

 

 

584

 

Options exercised

 

56

 

 

 

 

 

 

56

 

Shares acquired through cashless exercise (1)

 

 

 

 

(289

)

 

 

(289

)

Shares cancelled

 

(289

)

 

 

289

 

 

 

 

Balance, as of September 30, 2016

 

45,292

 

 

 

(10,268

)

 

 

35,024

 

 

(1)

All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of options exercised or restricted stock vested. These shares have been cancelled by the Company.