Share Repurchases

9 Months Ended

Sep. 30, 2011

Comprehensive Income/Share Repurchases [Abstract]

SHARE REPURCHASES

15. SHARE REPURCHASES

In April 2011, our Board of Directors authorized a share repurchase program for up to $50.0 million of our outstanding common stock. We intend to make these repurchases in accordance with applicable securities regulations. The timing and actual number of shares repurchased, if any, will depend on a variety of factors including the market price of the company’s common stock, regulatory, legal and contractual requirements, and other market factors. The program expires in April 2012, does not obligate us to repurchase any particular amount of common stock, and may be modified or suspended at any time at the Board’s discretion. The following table summarizes share repurchases made under this program:

	shares		(thousands)
Authorized amount		—	$	50,000
Repurchases		1,998,834		(27,464	)(1)
Remaining authorization			$	22,536

(1) Amounts reflect trades entered into through September 30, 2011. Cash spent on settled transactions totaled $26.3 million.