REPURCHASES OF COMMON STOCK

9 Months Ended

Sep. 30, 2012

REPURCHASES OF COMMON STOCK [Abstract]

REPURCHASES OF COMMON STOCK

5. REPURCHASES OF COMMON STOCK

During the three- and nine-month periods ended September 30, 2012, the Company repurchased approximately 1.5 million and 4.1 million shares of its Class A common stock under its open market repurchase plan for approximately $66.3 million and $179.6 million, respectively. During the three- and nine-month periods ended September 30, 2011, the Company repurchased approximately 0.4 million and 1.5 million shares of its Class A common stock under its open market repurchase plan for approximately $17.2 million and $51.0 million, respectively.  At September 30, 2012, $157.2 million was available for repurchases under the stock repurchase program.