Treasury stock

Treasury stock of $17.9 million as of March 31, 2012 resulted from $0.04 million acquired through repurchases of shares to cover employee minimum tax withholding obligations related to stock compensation vesting events under the Company's Equity Plan and $0.9 million purchased in connection with a share repurchase program, authorizing the Company to purchase up to $20.0 million of the Company's Class A common stock. The following represents the activity relating to the treasury stock held by the Company during the three months ended March 31, 2012:



	Treasury stock shares	Cost (in thousands)		Average cost per share
Balance outstanding at December 31, 2011	5,346,003	$	16,902	$	3.16
Shares purchased for minimum tax withholding under the Equity Plan	15,840	43		2.70
Purchase of treasury stock	334,629	905		2.70
Balance outstanding at March 31, 2012	5,696,472	$	17,850	$	3.13