Stockholders' Equity

6 Months Ended

Jun. 30, 2011

Stockholders' Equity

Stockholders' Equity

NOTE 7. STOCKHOLDERS' EQUITY

Stock Repurchase Program

During the year ended December 31, 2010, the Company repurchased and retired approximately 0.7 million shares of its common stock at an average purchase price of $267.81 per share, for an aggregate purchase price of $198.6 million, through open market transactions. On February 3, 2011, the Board increased its authorization for stock repurchases to $400 million. During the three months ended June 30, 2011, the Company repurchased and retired approximately 401,000 shares of its common stock at an average purchase price of $347.12 per share, for an aggregate purchase price of $139.1 million, through open market transactions. During the six months ended June 30, 2011, the Company repurchased and retired approximately 437,000 shares of its common stock at an average purchase price of $345.15 per share, for an aggregate purchase price of $150.7 million, through open market transactions. As of June 30, 2011, the remaining authorized amount of stock repurchases under the Board-authorized stock repurchase program was approximately $249.3 million.

Comprehensive Income

The components of other comprehensive income, net of tax, are as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Net income	$	117.4		$	88.7		$	221.5		$	174.0
Foreign currency translation gains (losses)		0			(0.4	)		0.3			(0.6	)
Unrealized gains (losses) on derivative instruments, net of tax:
Unrealized gains (losses) on derivative instruments		(0.1	)		1.1			(1.7	)		3.1
Reclassification adjustment for (gains) losses on derivative instruments recognized during the period		1.0			(2.2	)		1.6			(3.1	)
Unrealized gains on available-for-sale securities, net of tax		2.4			0			0.8			0
Total other comprehensive income	$	120.7		$	87.2		$	222.5		$	173.4

The components of accumulated other comprehensive income are as follows (in millions):

	June 30, 2011		December 31, 2010
Foreign currency translation gains	$	0.4	$	0.1
Accumulated net realized gains on derivatives, net of tax		0.1		0.2
Accumulated net unrealized gains on available-for-sale securities, net of tax		2.1		1.3
Total accumulated other comprehensive income	$	2.6	$	1.6