XML 44 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Shareholders' Equity
9 Months Ended
Sep. 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. At September 30, 2012, the maximum number of shares that may yet be purchased under this plan was 4.0 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 and nine months ended September 30, 2012, we repurchased $2.6 million and $9.2 million, or 0.1 million and 0.3 million shares, respectively, using existing Board authorizations at an average price of $29.34 and $30.55 per share, respectively, to meet obligations under our company’s employee benefit plans and for general corporate purposes.

Issuance of Shares

 

During the three and nine months ended September 30, 2012, we reissued 0.2 million and 2.1 million shares, respectively, from treasury as a result of vesting and exercise transactions under our incentive stock award plans.