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Share Repurchase Program
6 Months Ended
Jun. 02, 2012
Share Repurchase Program Disclosure [Abstract]  
Share Repurchase Program

Note 15: Share Repurchase Program

 

On September 30, 2010, the Board of Directors authorized a new share repurchase program of up to $100,000 of our outstanding common shares. Under the program, we are authorized to repurchase shares for cash on the open market, from time to time, in privately negotiated transactions or block transactions, or through an accelerated repurchase agreement. The timing of such repurchases is dependent on price, market conditions and applicable regulatory requirements. Upon repurchase of the shares, we reduced our common stock for the par value of the shares with the excess being applied against additional paid-in capital.

 

There were no shares repurchased under this program, during the first six months of 2012. During the second quarter of 2011 we repurchased shares under this program, with an aggregate value of $2,498. Of this amount, $116 reduced common stock and $2,382 reduced additional paid-in capital. During the first six months of 2011 we repurchased shares under this program, with an aggregate value of $4,995. Of this amount, $226 reduced common stock and $4,769 reduced additional paid-in capital.