SHAREHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2011

SHAREHOLDERS' EQUITY [ABSTRACT]

SHAREHOLDERS' EQUITY

9.       SHAREHOLDERS' EQUITY

The following table presents our common shares issued and outstanding:
		Three months ended		Nine months ended
		September 30,		September 30,
		2011	2010	2011	2010
	Shares issued, balance at beginning of period	168,737	154,549	154,912	152,465
	Shares issued	362	148	14,187	2,232
	Total shares issued at end of period	169,099	154,697	169,099	154,697
	Treasury shares, balance at beginning of period	(42,926)	(34,295)	(42,519)	(20,325)
	Shares repurchased	(32)	(444)	(439)	(14,414)
	Total treasury shares at end of period	(42,958)	(34,739)	(42,958)	(34,739)
	Total shares outstanding	126,141	119,958	126,141	119,958

Warrants

During the nine months ended September 30, 2011, certain of our founding shareholders exercised their warrants on a cashless basis pursuant to the terms of the applicable warrant agreements, resulting in a lower number of shares being issued than the number of warrants exercised. Accordingly, we issued 11,852,589 shares upon the exercise of 18,102,623 warrants. In connection with the warrant exercise, we paid deferred dividends of $93 million to those warrant holders who chose the deferred cash option for dividends declared. At September 30, 2011, 1,725,137warrants remain outstanding, exercisable at an average price of $10.36.