EQUITY

12 Months Ended

Dec. 31, 2011

EQUITY

EQUITY

NOTE 7: EQUITY

Share Repurchases

        During 2010 our board of directors approved programs for us to repurchase up to $70.0 million of our common stock (the "Share Repurchase Program"). Repurchases may be made pursuant to the Share Repurchase Program from time to time at prevailing market prices in the open market or in privately negotiated purchases, or both. We may utilize one or more plans with our brokers or banks for pre-authorized purchases within defined limits pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, to effect all or a portion of the repurchases. During the year ended December 31, 2011, we purchased 745,414 shares of common stock for approximately $10.0 million, at a weighted average cost of approximately $13.37 per share. During the year ended December 31, 2010, we purchased 3.4 million shares of common stock for $43.2 million, at a weighted average cost of approximately $12.80 per share. As of December 31, 2011, approximately $12.1 million remained available for share repurchases under the Share Repurchase Program.

        We also have a policy that requires shares to be repurchased by us to satisfy tax withholding obligations upon the vesting of restricted stock awards.

Dividend

        On June 23, 2010, our board of directors declared a cash dividend of $0.035 per share, payable on August 12, 2010 to shareholders of record as of the close of business on July 15, 2010. On September 21, 2010, our board of directors declared another cash dividend of $0.035 per share, payable on November 18, 2010 to shareholders of record as of the close of business on October 28, 2010. Total dividends declared and paid in 2010 totaled $2.6 million, or $0.07 per outstanding common share.

        On January 17, 2011, our board of directors declared a cash dividend of $0.035 per outstanding share of common stock, which was paid on February 17, 2011, to shareholders of record as of the close of business on January 27, 2011. On February 23, 2011, our board of directors declared a cash dividend of $0.035 per outstanding share of common stock, which was paid on May 19, 2011, to shareholders of record as of the close of business on April 28, 2011. On June 7, 2011, our board of directors declared a cash dividend of $0.035 per outstanding share of common stock, which was paid on August 18, 2011, to shareholders of record as of the close of business on July 28, 2011. On September 15, 2011, our board of directors declared a cash dividend of $0.05 per outstanding share of common stock, which was paid on November 17, 2011, to shareholders of record as of the close of business on October 27, 2011. On November 10, 2011, our board of directors declared a cash dividend of $0.05 per outstanding common share, which was paid on February 17, 2012, to shareholders of record as of the close of business on January 18, 2012. Total dividends declared in 2011 were $7.3 million and total dividends paid in 2011 totaled $5.5 million, or $0.205 per outstanding common share. Dividends payable of approximately $1.8 million is included as a component of "Other accrued liabilities" on the Consolidated Balance Sheet at December 31, 2011. No accrual related to dividends payable was necessary at December 31, 2010.