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Treasury Stock
6 Months Ended
Jun. 30, 2014
Treasury Stock

9. Treasury Stock

ICG has been authorized, pursuant to a share repurchase program, to repurchase, from time to time, 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. The program was adopted in 2008 and was most recently expanded in 2013 to allow for the repurchase of up to $150.0 million of shares of our Common Stock. ICG did not repurchase any shares of our Common Stock during the three and six months ended June 30, 2014.  During the three and six months ended June 30, 2013, ICG repurchased 480,100 shares and 641,300 shares, respectively, of its Common Stock at an average stock price of $11.04 per share and $11.56 per share, respectively. Since commencement of the program, ICG has repurchased a total of 5,117,937 shares of Common Stock at an average purchase price of $7.97 per share. As of the date of this Report, ICG may repurchase an additional $109.2 million of its Common Stock under the 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.