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Stockholders' Equity
3 Months Ended
Mar. 31, 2012
Stockholders' Equity  
Stockholders' Equity

8. Stockholders’ Equity

 

Common Stock

 

The Company issued 0.8 million shares of common stock during the three months ended March 31, 2012, net of 0.2 million shares withheld to satisfy employee tax obligations for the vesting of certain stock grants made under the Company’s stock incentive plans.

 

Share Repurchase Programs

 

In April 2012, the Board of Directors authorized a share repurchase program to repurchase up to $100 million of the Company’s common stock through January 2013. In October 2011, the Board of Directors adopted a share repurchase program to repurchase up to $50 million of the Company’s common stock through April 2012. The Company’s repurchase program announced in July 2010, authorized the repurchase of up to $150 million of the Company’s common stock through 2011, and was completed in August 2011. These programs allow for repurchases to be made in the open market or in private transactions, including structured or accelerated transactions, subject to applicable legal requirements and market conditions. The Company did not repurchase any shares of its common stock during the three months ended March 31, 2012. The Company repurchased 14 thousand shares of its common stock for $0.6 million during the three months ended April 2, 2011.

 

Accumulated Other Comprehensive Loss

 

The components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands):

 

 

 

Unrealized
Losses on Cash
Flow Hedges

 

Net Unrealized Losses
on Available-For-Sale
Securities

 

Total

 

Balance at December 31, 2011

 

$

(1,299

)

$

(1,168

)

$

(2,467

)

Change associated with current period transactions, net of tax

 

282

 

454

 

736

 

Amount reclassified into earnings, net of tax

 

(86

)

 

(86

)

Balance at March 31, 2012

 

$

(1,103

)

$

(714

)

$

(1,817

)