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Equity and Stock Programs (Tables)
6 Months Ended
Jun. 30, 2011
Share Repurchase Activity

The Company’s share repurchase activity is included in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 


 


 

 

 

2011

 

2010

 

2011

 

2010

 

 

 


 


 


 


 

Number of shares repurchased (1)

 

 

932,624

 

 

1,636,341

 

 

2,343,452

 

 

3,140,041

 

Cost of repurchased shares (in thousands) (2)

 

$

35,964

 

$

39,932

 

$

87,860

 

$

75,104

 

 

 



 



 



 



 


 

 

 


 

(1)

The 2010 share repurchases were made under the Company’s previously authorized share repurchase program. The share repurchases for the six months ended June 30, 2011 includes 500,000 shares the Company repurchased directly from ValueAct Capital Master Fund L.P. (“ValueAct Capital”) in February 2011 under a stock purchase agreement between the Company and ValueAct Capital.

 

 

(2)

As of June 30, 2011, the Company had $416.2 million remaining for share repurchases under the $500.0 million share repurchase program.