Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity - Schedule of Repurchase Agreements (Details)

v3.3.1.900
Stockholders' Equity - Schedule of Repurchase Agreements (Details) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Equity, Class of Treasury Stock [Line Items]      
Common stock repurchased (in shares) 524,222 739,016 520,258
Common stock repurchased, value $ 2,015,947 $ 2,522,832 $ 1,762,360
Open Market And Privately Negotiated Repurchases [Member]      
Equity, Class of Treasury Stock [Line Items]      
Common stock repurchased (in shares) [1] 524,222 422,965 476,546
Common stock repurchased, value [1] $ 2,015,947 $ 1,426,428 $ 1,602,360
October 2013 Share Repurchase Program [Member] | Liberty Media [Member]      
Equity, Class of Treasury Stock [Line Items]      
Common stock repurchased (in shares) [2] 0 92,889 43,712
Common stock repurchased, value [2] $ 0 $ 340,000 $ 160,000
May 2014 ASR Agreement [Member]      
Equity, Class of Treasury Stock [Line Items]      
Common stock repurchased (in shares) [3] 0 151,846 0
Common stock repurchased, value [3] $ 0 $ 506,404 $ 0
August 2014 ASR Agreement [Member]      
Equity, Class of Treasury Stock [Line Items]      
Common stock repurchased (in shares) [4] 0 71,316 0
Common stock repurchased, value [4] $ 0 $ 250,000 $ 0
[1] As of December 31, 2015, $23,727 of common stock repurchases had not settled, nor been retired, and were recorded as Treasury stock within our consolidated balance sheets and consolidated statements of stockholders’ (deficit) equity.
[2] On October 9, 2013, we entered into an agreement to repurchase $500,000 of our common stock from Liberty Media. Pursuant to this agreement, we repurchased 43,712 shares of our common stock for $160,000 from Liberty Media in 2013. In April 2014, we completed the final purchase installment and repurchased 92,889 shares of our common stock for $340,000 from Liberty Media at a price of $3.66 per share. As there were certain terms in the forward purchase contract with Liberty Media that could have caused the obligation not to be fulfilled, the instrument was classified as a liability and was marked to fair value with any gain or loss recorded to our consolidated statements of comprehensive income. We recognized $34,485 and $20,393 to Loss on change in value of derivatives in our consolidated statements of comprehensive income during the years ended December 31, 2014 and 2013, respectively.
[3] In May 2014, we entered into an accelerated share repurchase agreement (the “May 2014 ASR Agreement”) under which we prepaid $600,000 to a third-party financial institution to repurchase our common stock. Under the May 2014 ASR Agreement, we received 151,846 shares of our common stock which were retired upon receipt and the counterparty returned to us $93,596 for the unused portion of the original prepayment.
[4] In August 2014, we entered into an accelerated share repurchase agreement (the “August 2014 ASR Agreement”) under which we prepaid $250,000 to a third-party financial institution to repurchase our common stock. Under the August 2014 ASR Agreement, we received an aggregate of 71,316 shares of our common stock that were retired upon receipt.