Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity (Tables)

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Stockholders Equity (Tables)
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Schedule of Repurchase Agreements

The following table summarizes our share repurchase activity for the six months ended:

 

 

June 30, 2015

 

 

June 30, 2014

 

Share Repurchase Type

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

Open Market and Privately Negotiated Repurchases (a)

 

 

288,156

 

 

$

1,093,955

 

 

 

188,420

 

 

$

612,903

 

Liberty Media (b)

 

 

 

 

 

 

 

 

92,889

 

 

 

340,000

 

May 2014 ASR Agreement (c)

 

 

 

 

 

 

 

 

112,500

 

 

 

600,000

 

Total Repurchases

 

 

288,156

 

 

$

1,093,955

 

 

 

393,809

 

 

$

1,552,903

 

 

(a)

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.  

(b)

On April 25, 2014, we completed the final purchase installment under an agreement with Liberty Media.

(c)

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.