TREASURY STOCK PURCHASE

6 Months Ended

Jun. 30, 2011

TREASURY STOCK PURCHASE

TREASURY STOCK PURCHASE

11. TREASURY STOCK PURCHASE

On March 11, 2010, the Company’s Board of Directors authorized the repurchase of up to $200.0 million of the Company’s common stock. During the six-months ended June 30, 2011 the Company purchased 0.7 million shares of common stock at an average purchase price of $54.88 per share for a total amount of $38.9 million, which the Company holds in treasury. During the six-months ended June 30, 2010, the Company purchased 0.6 million shares of common stock at an average purchase price of $37.68 per share for a total amount of $23.5 million, which the Company holds in treasury. As of June 30, 2011, approximately $137.6 million remained available under the plan for the repurchase of the Company’s common stock.