Stock Repurchase

6 Months Ended

Jun. 30, 2011

Stock Repurchase

Stock Repurchase

11. Stock Repurchase

On February 24, 2011, Holdings’ Board of Directors approved a stock repurchase program that permits Holdings to repurchase up to $60.0 million in shares of Holdings’ common stock over a three-year period (the “Stock Repurchase Plan”).  Under the Stock Repurchase Plan, during March, May and June 2011, Holdings repurchased an aggregate of 1,166,000 shares at a cumulative price of approximately $41.5 million.  Approximately $18.5 million in shares remains available for future repurchases under the Stock Repurchase Plan.  Absent amendments to the provisions of our Senior Credit Facility limiting these types of payments on an annual basis, we do not intend to repurchase any additional shares for the remainder of 2011.