XML 32 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Repurchases
12 Months Ended
Dec. 31, 2017
Stock Repurchases [Abstract]  
Stock Repurchases

12.       Stock Repurchases

 

In 2017, 2016, and 2015 the Company repurchased shares of its common stock. Details of these purchases are as follows:

 

Period  Total
Number of
Shares
Purchased
   Average
Price Paid
per Share
   Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Program
   Maximum
Dollar
Value of
Shares that
May Yet Be
Purchased
Under the
Program
 
                 
First Quarter 2015   82,100   $34.57    82,100      
Fourth Quarter 2016   283,343   $49.43    283,343      
First Quarter 2017                    
January 29 to February 25   900,997   $49.70    900,997      
February 26 to April 1   173,288   $49.92    173,288      
Third Quarter 2017                    
July 30 to August 26   4,490   $47.92    4,490      
August 27 to September 30   240,933   $46.30    240,933      
Total   1,685,151   $48.45    1,685,151   $30,710,000 

 

All of these purchases were made with cash held by the Company and no debt was incurred.

 

At December 31, 2017, approximately $31 million remained authorized for share repurchases.