14.  SUBSEQUENT EVENTS

On May 5, 2017, we entered into the 2017 ASR Agreement as part of our 2017 Repurchase Program.  On July 5, 2017, we made a payment of $100.0 million and received an initial share delivery of approximately 1.5 million shares worth approximately $80.0 million.  The remaining balance of $20.0 million is expected to settle no later than March 2018.  The actual number of shares to be repurchased will be based on the average of the daily volume-weighted average prices of our common stock repurchased during the term of the transaction, less an agreed discount.  At final settlement, BofA may be required to deliver additional shares of common stock to us, or, under certain circumstances, we may be required to deliver shares of our common stock or make a cash payment, at our election, to BofA. 

During July 2017, we used $30.0 million of cash on hand and borrowed $70.0 million under our Revolving Facility to fund the 2017 ASR Agreement.