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Share Repurchase Program
6 Months Ended
Jun. 30, 2012
Share Repurchase Program [Abstract]  
Share Repurchase Program

14. Share Repurchase Program

In accordance with ICG’s share repurchase program, 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 three and six months ended June 30, 2012, ICG repurchased 164,638 and 467,438 shares, respectively, of its Common Stock. Those shares were repurchased at an average stock price of $8.79 per share and $8.76 per share during the three- and six-month periods ended June 30, 2012, respectively. During the three and six months ended June 30, 2011, ICG repurchased 66,700 shares of its Common Stock at an average purchase price of $11.50 per share. During the third quarter of 2012, ICG repurchased 160,100 shares of its Common Stock at an average stock price of $9.03 per share. Since commencement of this program, ICG has repurchased a total of 3,908,965 shares of Common Stock at an average purchase price of $6.66 per share. As of the date of this Report, ICG may repurchase an additional $24.0 million of its Common Stock under this program. All repurchases are reflected in the line item “Treasury stock, at cost” as a reduction of Stockholders’ Equity in ICG’s Consolidated Balance Sheets in the relevant periods.