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Hi MLSchuk,
The behavior you saw is by design, as the Shared With column displays any accounts that the document was previously shared with. For more information, refer to: https://support.microsoft.com/en-us/kb/2987770
Given this situation, I would suggest you share the same with our engineering team through User Voice via the link below. Your providing feedback is the best way to perfect our products: https://office365.uservoice.com/forums/273492-sites-and-collaboration
Thanks for your understanding.
Sky