Stock Repurchases

6 Months Ended

Jun. 30, 2011

5.	Stock Repurchases

During the six months ended June 30, 2011, the Company repurchased and retired 100,000 shares of its common stock at an aggregate cost of $3.9 million under a stock repurchase program authorized in 2008 by the Company's Board of Directors. From the inception of the stock purchase program, the Company has repurchased and retired 3,099,371 shares of its common stock at an aggregate cost of $78 million. The Company is authorized to repurchase an additional $21.9 million for a total of $100.0 million.

- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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