"The share repurchase program gives us the option to capitalize on opportunities provided by the market to create additional shareholder value, while maintaining the flexibility to invest in our growth," Belcher commented.
Outlook
The company expects 2015 annual revenue to range between $1.04 billion and $1.06 million, representing growth of 4 percent to 6 percent over 2014 (8 percent to 11 percent over 2014 on a constant currency basis). 2015 Non-GAAP Adjusted EBITDA is forecasted to be between $49 million and $51 million, representing growth of 14 percent to 19 percent over 2014. 2015 Non-GAAP diluted earnings per share, which exclude contingent liability impacts, are expected to be $0.25 to $0.27, representing growth of 25 percent to 35 percent over 2014.