Share Repurchase Program

12 Months Ended

Dec. 31, 2011

19.

Share Repurchase Program

In accordance with ICG's share repurchase program, as amended, ICG may repurchase, from time to time, up to $50.0 million of shares of Common Stock in the open market, in privately negotiated transactions or pursuant to trading plans meeting the requirements of Rule 10b5-1 under the Exchange Act. During the years ended December 31, 2011 and 2009, ICG repurchased 841,027 shares and 492,242 shares, respectively, of its Common Stock. These shares were repurchased at an average stock price of $10.17 per share and $5.45 per share in 2011 and 2009, respectively. ICG did not make any repurchases of Common Stock during the year ended December 31, 2010. Since commencement of this program, ICG has repurchased a total of 3,281,427 shares of Common Stock at an average purchase price of $6.24 per share. As of December 31, 2011, ICG may repurchase an additional $29.5 million of ICG's Common Stock under this program. All repurchases are reflected in "Treasury stock, at cost" as a reduction of Stockholders' Equity on ICG's Consolidated Balance Sheets in the relevant periods.