Annual report pursuant to Section 13 and 15(d)

Treasury and Preferred Stock

v3.6.0.2
Treasury and Preferred Stock
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Treasury and Preferred Stock
Treasury and Preferred Stock

The Company has executed share repurchases against authorization approved by the Board of Directors in 2014 and 2016. In 2016, the Company repurchased $120 million of stock under these authorizations and as of December 31, 2016, the remaining authorization was $240 million.

Treasury stock activity for the years ended December 31, 2016, 2015 and 2014, was as follows:
(Shares in thousands)
2016
 
2015
 
2014
Balance at January 1
11,725

 
9,844

 
10,129

Compensation plans and other
(1,199
)
 
(458
)
 
(697
)
Share repurchases
2,695

 
2,339

 
412

Balance at December 31
13,221

 
11,725

 
9,844