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