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8 election. "Hysteria has been whipped up," said Putin. He said that was a ruse to cover up for the fact that the U.S. political elite had nothing to say about serious issues such as the country's national debt or gun control. U.S. IS "GREAT POWER" "It's much simpler to distract people with so-called Russian hackers, spies, and agents of influence. Does anyone really think that Russia could influence the American people's choice in any way? Is America a banana republic or what? America is a great power." In Washington, White House spokesman Josh Earnest dismissed Putins remarks as predictable and said the United States stood by its hacking allegations. "There's nothing that President Putin had to say today that I find particularly surprising or that in any way undermines the president's confidence in the analysis that's been released by the Department of Homeland Security and the intelligence community, said Earnest.
During the third quarter of 2016, the Company repurchased 1.4 million shares of its common stock for a total cost of $96 million. As of September 30, 2016, the Company had approximately $280 million available under its existing share repurchase authorization. Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "We are pleased to report record EBITDA and GAAP EPS for the quarter. The flexibility of our business model was displayed this quarter as our top line sales were below our original expectations yet we delivered significant margin expansion and 19% EPS growth. We continue to effectively execute on our core strategy to drive our long term operating performance." THIRD QUARTER KEY HIGHLIGHTS 11.1 % (1) This is a non-GAAP financial measure. Please refer to "Non-GAAP Financial Measures and Constant Currency Information" below. Business Segment Highlights The Company's business segments include North America and International. Corporate operating expenses are not included in either of the business segments and are presented separately as a reconciling item to consolidated results. North Americanet salesdecreased5.8%to$698.5 millionfrom$741.2 millionin thethirdquarter of 2015.
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