Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

13. Subsequent Events

On July 21, 2011, the Board of Directors of Medifast, Inc. authorized the repurchase of up to 500,000 additional shares of the Company’s common stock as approved by Board consent.  The authorization remains open for a period of 12 months ending on July 21, 2012.

The July 21, 2011 Board consent increases the total number of shares authorized for repurchase to 1,000,000 shares.   On June 16th and 17, 2011, the Company purchased 225,000 shares at an average price of $22.  There are 775,000 remaining authorized shares which may be purchased.

Stock repurchases under this program may be made by the Broker through open market and privately negotiated transactions at times and in such amounts as management deemed appropriate pursuant to Rule 10b-18 of the Exchange Act. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate authorization provisions, above noted regulatory requirements, and other market conditions.