STOCKHOLDERS' EQUITY

3 Months Ended

Sep. 30, 2012

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

7.             STOCKHOLDERS’ EQUITY

Share Repurchase Plan

The Company’s Board of Directors have approved a variety of share repurchase plans under which, subject to price and market conditions, purchases of shares can be made from time to time in the open market or in privately negotiated transactions using available cash.

During the three months ended September 30, 2012 and 2011, the Company repurchased 1.5 million shares and 1.0 million shares of common stock for $67.2 million and $31.0 million, respectively, under the share repurchase plan. As of September 30, 2012, $23.2 million remained available under the plan for repurchase in future periods.

On October 24, 2012, the Company's Board of Directors approved a new $150.0 million share repurchase program, which replaced the Company's prior repurchase program.