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COMMON STOCK AND TREASURY STOCK | 3 Months Ended
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Sep. 30, 2012
COMMON STOCK AND TREASURY STOCK | NOTE 11—COMMON STOCK AND TREASURY STOCK As of September 30, 2012 and June 30, 2012, the authorized capital of the Company included 150,000,000 shares of common stock. As of September 30, 2012, 131,165,901 shares of common stock were issued and 88,914,077 were outstanding. As of June 30, 2012, 131,129,888 shares of common stock were issued and 92,049,978 were outstanding. Common Stock Repurchases On August 9, 2012, the Company announced that its Board of Directors authorized the Company to repurchase up to $100 million of its common stock. The share repurchase program commenced Monday, August 13, 2012. The share repurchase program will be funded from proceeds from the Loan Agreement as discussed in Note 8 and from existing cash on hand. Common stock repurchase activity during the three months ended September 30, 2012 was as follows (in thousands, except share and per share amounts):
Period |  | Total Number of Shares Purchased |  |  | Average Price Paid per Share |  |  | Dollar Value of Shares that May Yet Be Purchased |
August 13, 2012 – August 31, 2012 |  |  | 2,179,900 |  |  | $ | 8.88 |  |  | $ | 80,599 |
September 1, 2012 – September 30, 2012 |  |  | 992,014 |  |  | $ | 11.93 |  |  | $ | 68,742 |
Total |  |  | 3,171,914 |  |  | $ | 9.83 |  |  | $ | 68,742 |

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