Schedule of Repurchase Agreements |
The following table summarizes our share repurchase activity for the six months ended:
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June 30, 2015
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June 30, 2014
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Share Repurchase Type
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Shares
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Amount
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Shares
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Amount
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Open Market and Privately Negotiated Repurchases (a)
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|
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288,156
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|
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$
|
1,093,955
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|
|
|
188,420
|
|
|
$
|
612,903
|
|
Liberty Media (b)
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|
|
—
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|
|
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—
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|
|
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92,889
|
|
|
|
340,000
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May 2014 ASR Agreement (c)
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|
|
—
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|
|
|
—
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|
|
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112,500
|
|
|
|
600,000
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Total Repurchases
|
|
|
288,156
|
|
|
$
|
1,093,955
|
|
|
|
393,809
|
|
|
$
|
1,552,903
|
|
(a)
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As of June 30, 2015, $35,795 of common stock repurchases had not settled, nor been retired, and were recorded as Treasury stock within our unaudited consolidated balance sheets and unaudited consolidated statements of stockholders’ equity.
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(b)
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On April 25, 2014, we completed the final purchase installment under an agreement with Liberty Media.
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(c)
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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 an initial delivery of 112,500 shares of our common stock during the six months ended June 30, 2014 which were retired upon settlement. Subsequent to June 30, 2014, we received 39,346 shares of our common stock and $93,596 for the unused portion of the original prepayment under the May 2014 ASR Agreement.
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