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Shareholders' Equity
6 Months Ended
Jun. 30, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity

NOTE 22 Shareholders’ Equity

Share Repurchase Program

We have an ongoing authorization from the Board of Directors to repurchase our common stock in the open market or in negotiated transactions. On November 7, 2011, the Board authorized the repurchase of an additional 3.0 million shares.  At June 30, 2012, the maximum number of shares that may yet be purchased under this plan was 4.1 million. The repurchase program has no expiration date.  These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our employee benefit plans and for general corporate purposes. During the three months ended June 30, 2012, we repurchased $7.2 million, or 0.2 million shares, using existing Board authorizations at an average price of $30.85 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes.

 

Issuance of Shares

 

During the three and six months ended June 30, 2012, we reissued 0.2 million and 1.9 million shares, respectively, from treasury as a result of vesting and exercise transactions under our incentive stock award plans.