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Share Repurchases
9 Months Ended
Sep. 30, 2011
Share Repurchases

Note 12. Share Repurchases

In May 2011, the Parent Company’s Board of Directors authorized an additional $50 million under the existing share repurchase program of the Company’s common stock, which increased the size of the program to $150 million. This repurchase program was initially authorized in November 2009. The share repurchase program as originally approved was scheduled to expire on December 31, 2010, however, prior to its expiration, the Parent Company’s Board of Directors approved an extension to December 31, 2011.

Purchases are permitted from time to time at prevailing prices in open market or privately negotiated transactions through December 31, 2011. The timing and amount of purchases under the program depend on a variety of factors, including the trading price of the stock, market conditions and corporate and regulatory considerations.

For the three months ended September 30, 2011, the Company repurchased 749,076 shares of the Parent Company’s common stock at an aggregate purchase price of $32.2 million and a weighted average price per share of $43.03 pursuant to the share repurchase program. For the nine months ended September 30, 2011, the Company repurchased 1,602,196 shares of the Parent Company’s common stock at an aggregate purchase price of $73.7 million and a weighted average price per share of $45.98 pursuant to the share repurchase program. Since inception, the Company has repurchased 3,008,056 shares of the Parent Company’s common stock at an aggregate purchase price of $132.4 million and a weighted average price per share of $44.02. As of September 30, 2011, approximately $17.2 million was available for future repurchases under the program.