Shareholders' Equity

6 Months Ended

Jun. 30, 2011

Shareholders' Equity

Shareholders' Equity

NOTE 24- Shareholders' Equity

Share Repurchase Program

On August 3, 2010, the Board authorized the repurchase of 3.0 million shares. These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our employee benefit plans and for general corporate purposes. During the three and six months ended June 30, 2011, we repurchased $3.9 million, or 0.1 million shares using existing Board authorizations at an average price of $38.88 per share to meet obligations under our company's employee benefit plans and for general corporate purposes. Under existing Board authorizations at June 30, 2011, we are permitted to buy an additional 2.9 million shares. The repurchase program has no expiration date.

Issuance of Shares

During the three and six months ended June 30, 2011, we reissued 0.1 million and 1.6 million shares, respectively, from treasury for shares as a result of vesting and exercise transactions under our incentive stock award plans.