Quarterly report pursuant to Section 13 or 15(d)

Share Repurchase Program

v3.10.0.1
Share Repurchase Program
 9 Months Ended
Sep. 30, 2018
Share repurchase program [Abstract]  
Share Repurchase Program
Share Repurchase Program

In May 2017, we announced that our Board of Directors authorized the repurchase of up to $125.0 million of our outstanding common shares as market conditions warrant over a period commencing on May 19, 2017 and expiring on May 18, 2019.  Repurchases may be made from time to time through open market, privately-negotiated, structured or derivative transactions (including accelerated share repurchase transactions), or other methods of acquiring shares. The Company intends to structure open market purchases to occur within pricing and volume requirements of Rule 10b-18.  The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate the repurchase of its shares under this authorization.

Shares repurchased for the three and nine months ended September 30, 2018 are as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Total number of shares purchased
 
—

 
1,265,404

 
919,249

 
1,911,585

Average price paid per share
 
$
—

 
$
25.61

 
$
21.74

 
$
25.80

Total price paid exclusive of commissions and related fees (in thousands)
 
$
—

 
$
32,407

 
$
19,980

 
$
49,324



The remaining amount authorized to be repurchased under the program as of September 30, 2018 was approximately $55.7 million.