STOCK REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2011

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

NOTE 7 — STOCK REPURCHASE PROGRAM

During the three and six months ended June 30, 2011, the Company repurchased approximately 600 thousand and 800 thousand shares for aggregate amounts of $31.2 million and $40.8 million, respectively.  As of June 30, 2011, the Company had remaining authorization to repurchase 861 thousand additional shares.  The timing of and total amount expended for the share repurchase depends upon market conditions.  There is no time limit on the repurchase authorization.

On July 19, 2011, the Company’s Board of Directors authorized the Company to repurchase an additional four million shares of its outstanding common stock.  There is no expiration date for this repurchase program.