Share Repurchase Program (Tables)
|9 Months Ended|
Sep. 30, 2018
|Share Repurchase Program [Abstract]|
|Summary of Stock Repurchase Activities||
The following table provides a summary of the Company’s stock repurchase activities during the three and nine months ended September 30, 2018:
Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef