STOCK REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2013

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

NOTE 8 – STOCK REPURCHASE PROGRAM

During the three and six months ended June 30, 2013, the Company repurchased approximately 600 thousand and 801 thousand shares for aggregate amounts of $33.8 million and $44.6 million, respectively.  The timing of and total amount expended for share repurchases depends upon market conditions.  The Company announced the existing repurchase program on July 19, 2011 and, as of June 30, 2013, the Company had remaining authorization to repurchase 1.2 million additional shares.  On July 18, 2013, 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 these repurchase programs.