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Table of Contents
Issuer's Purchases of Equity Securities
On June 13, 2011, we announced a $25 million share repurchase program. The share repurchases were made on the open market and
through a 10b5-1 plan. The repurchase program commenced in June 2011 and was completed in September 2011. We are holding the
repurchased shares in treasury for general corporate uses. We purchased 3,276,093 shares at an average price of $7.63 per share pursuant to this
program. The average price paid per share is calculated on a trade date basis and excludes commissions.
On November 23, 2011, we announced an additional $25 million share repurchase program. The share repurchases were being made
through open market purchases pursuant to a 10b5-1 plan. The repurchase program commenced November 30, 2011 and was completed on
February 10, 2012. We intend to hold the repurchased shares in treasury for general corporate purposes. As of December 31, 2011, we had
purchased 1,043,751 shares at an average price of $7.32 per share pursuant to this program.
The following table summarizes the repurchases we made of our common stock during the three months ended December 31, 2011.
28
Calendar Month
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Approximate Dollar Value of
Shares that May Yet Be
Purchased Under the Plans or
Programs
October
N/A
N/A
N/A
N/A
November
39,800
$
6.27
39,800
$
24,750,303
December
1,003,951
7.36
1,003,951
17,363,541
Total
1,043,751
$
7.32
1,043,751