REPURCHASES OF COMMON STOCK

6 Months Ended

Jun. 30, 2013

REPURCHASES OF COMMON STOCK [Abstract]

REPURCHASES OF COMMON STOCK

5.REPURCHASES OF COMMON STOCK

During the three-month period ended June 30, 2013, the Company did not repurchase shares of its Class A common stock under its open market repurchase plan. During the three-month period ended March 31, 2013, the Company repurchased approximately 0.4 million shares of its Class A common stock under its open market repurchase plan for approximately $14.6 million. During the three- and six-month periods ended June 30, 2012, the Company repurchased approximately 2.4 million and 2.5 million shares of its Class A common stock under its open market repurchase plan for approximately $107.8 million and $113.3 million, respectively.  At June 30, 2013, $120.7 million was available for repurchases under the stock repurchase program.  In July 2013, the Company's board of directors authorized a $400.0 million extension of the Company's ongoing share repurchase authorization.