Open Market Share Repurchase Program

6 Months Ended

Jun. 19, 2011

Open Market Share Repurchase Program

Open Market Share Repurchase Program

5. Open Market Share Repurchase Program

During the second quarter and first two quarters of 2011, the Company repurchased and retired 1,747,885 and 2,105,490 shares of common stock for a total of approximately $41.4 million and $47.3 million, respectively, under the Company's $200.0 million open market share repurchase program. As of June 19, 2011, the Company had approximately $50.0 million remaining for future share repurchases under this program. As of June 19, 2011, the Company had 60,722,611 shares of common stock outstanding.

In July 2011, the Company's Board of Directors approved an increase to the Company's open market share repurchase program resulting in a total remaining authorized amount for additional share repurchases of $200.0 million.