Stock Repurchases

9 Months Ended

Sep. 30, 2012

Stock Repurchases

14. Stock Repurchases

On February 9, 2012, the Company’s Board of Directors authorized a program to repurchase up to $100.0 million in shares of the Company’s outstanding common stock through either periodic open-market or private transactions, in accordance with applicable insider trading and other securities laws and regulations, at then-prevailing market prices over a period of up to two years ending February 9, 2014. As of September 30, 2012, the Company had repurchased 1,372,853 shares of its outstanding common stock under this program for approximately $50.0 million. No shares of the Company’s common stock were repurchased during the three-month period ended September 30, 2012.