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Share Capital and Share Repurchases (Tables)
12 Months Ended
Dec. 31, 2011
Changes in the Company's Issued and Outstanding Common Shares

The following table represents changes in the Company’s issued and outstanding common shares for the periods indicated:

 

September 30, September 30, September 30,
       Year Ended December 31,  

In thousands

     2011      2010      2009  

Beginning balance

       15,742         16,846         16,856   

Vested stock grants

       178         109         74   

Employee stock purchase plan

       19         22         17   

Stock options exercised

       52         29         41   

Treasury shares purchased

       (1,979      (1,264      (142
    

 

 

    

 

 

    

 

 

 

Ending balance

       14,012         15,742         16,846   
    

 

 

    

 

 

    

 

 

 
Share Repurchases

The following presents our share repurchases under the aforementioned programs for the periods indicated:

 

September 30, September 30,
       Total           
       Number of        Average  
       Shares        Cost Paid  
        Purchased        Per Share  

Fourth quarter 2009 activity

       141,576         $ 47.72   
    

 

 

      

Total 2009 activity

       141,576         $ 47.72   
    

 

 

      

First quarter 2010 activity

       573,600         $ 41.27   

Second quarter 2010 activity

       558,003           40.32   

Third quarter 2010 activity

       97,115           42.25   

Fourth quarter 2010 activity

       35,566           48.04   
    

 

 

      

Total 2010 activity

       1,264,284         $ 41.11   
    

 

 

      

First quarter 2011 activity

       256,094         $ 50.96   

Second quarter 2011 activity

       597,026           47.55   

Third quarter 2011 activity

       749,076           43.03   

Fourth quarter 2011 activity

       376,911           45.61   
    

 

 

      

Total 2011 activity

       1,979,107         $ 45.91