CHANGES IN COMMON STOCK

6 Months Ended

Jun. 30, 2012

Equity [Abstract]

CHANGES IN COMMON STOCK

CHANGES IN COMMON STOCK

Changes in the number of shares of common stock outstanding were as follows (shares in thousands):

Balance, December 31, 2011	241,305
Treasury stock purchased and retired	(8,090	)
Stock options exercised	415
Restricted stock vested	396		(a)
Balance, June 30, 2012	234,026

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(a) Such amount was reduced by 142 thousand shares which were tendered to the Company for the payment of federal and state taxes owed on the vesting of restricted stock.

In May 2011, the Company announced a common share repurchase program of up to $100.0 million of the Company's outstanding common stock. In February 2012 and June 2012, the Company's board of directors approved, in aggregate, an additional $200.0 million to repurchase the Company's outstanding common stock. In the first six months of 2012, we repurchased 8.1 million shares of common stock for $58.2 million pursuant to the program. The Company had remaining repurchase authority of $172.1 million as of June 30, 2012.

In May 2012, we initiated a common stock dividend program. In the second quarter of 2012, dividends declared and paid on common stock were $0.02 per common share totaling $4.7 million.