Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity

Stockholders' Equity

18.      Stockholders’ Equity

Tender Offer

On September 14, 2011, the Company announced the commencement of a modified “Dutch auction” tender offer to purchase up to 10.0 million shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 per share (maximum aggregate purchase price of $15.5 million).  Refer to Note 28 herein for additional information.

Stock Repurchase (10b-18 Plan)

On October 27, 2010, the Company announced that its Board of Directors approved a stock repurchase program whereby the Company is authorized to purchase shares of its common stock for up to $25 million, subject to the requirements of Rule 10b-18 under the Exchange Act.  This program commenced in 2011.  The Company made no purchases during the three months ended September 30, 2011.   Purchases made during the nine months ended September 30, 2011, were approximately 5.1 million shares of common stock for approximately $10.3 million.