TREASURY STOCK

On October 29, 2010, the Company’s Board of Directors authorized the Company to repurchase shares of the Company’s common stock for an aggregate purchase price not to exceed $75.0 million through December 31, 2012. Shares may be purchased either in the open market or in privately negotiated transactions.

On October 23, 2012, the Company's Board of Directors terminated the October 2010 authorization and authorized the repurchase of up to $75.0 million of its outstanding common stock through December 2014 (the "2012 Authorization"). As of December 31, 2012, there remained $75.0 million available for repurchases under this authorization.

In addition to the authorizations above, on June 3, 2011, the Company’s Board of Directors separately authorized the Company to repurchase shares of common stock from the proceeds of the 2016 Notes in connection with that offering.

The following table sets forth the Company’s treasury stock activity:



	Years Ended December 31,
	2012			2011
	$		# of Shares	$		# of Shares
	(In thousands)
Shares repurchased in the open market in connection with the 2010 Authorization	$	—	—	$	45,893	1,104
Shares repurchased in connection with the issuance of the 2016 Notes	—		—	37,570		805
Total	—		—	$	83,463	1,909

There were no treasury stock repurchases during the year ended December 31, 2012.