Equity

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

Note 8 — Equity

Share Repurchase Program

The Company has a $500.0 million share repurchase program, of which $231.0 million remained available for share repurchases as of September 30, 2012. Repurchases may be made from time-to-time through open market purchases, private transactions, tender offers or other transactions. The amount and timing of repurchases will be subject to the availability of stock, prevailing market conditions, the market price of the stock, the Company’s financial performance and other conditions. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s shared-based compensation awards. Repurchases may be funded from operating cash flow or borrowings.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Number of shares repurchased (1)		95,833		1,543,069		2,260,093		3,886,521
Cost of repurchased shares (in thousands)	$	4,626	$	53,354	$	89,300	$	141,214

(1) The average purchase price for the shares was $48.27 and $39.51 for the three and nine months ended September 30, 2012 respectively, and $34.58 and $36.33 for the three and nine months ended September 30, 2011, respectively.