Common Stock Repurchase Program

12 Months Ended

Dec. 31, 2012

Common Stock Repurchase Program [Abstract]

Common Stock Repurchase Program

Common Stock Repurchase Program

On October 27, 2011, we announced that our Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $150.0 million of common stock.  Purchases under the stock repurchase program may be made from time to time in the open market. This stock repurchase program is intended to offset the impact of dilution from our equity compensation programs. During 2012, we repurchased approximately 1.7 million shares of common stock at an average price of $27.28 per share for an aggregate purchase price of approximately $47.2 million including commissions.  The common stock repurchases reduced additional paid-in capital by approximately $15.4 million and increased accumulated deficit by $31.8 million.  All repurchased shares have been retired. As of December 31, 2012, there remains $95.1 million under our existing stock repurchase authorization.