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Stock Repurchase Program
3 Months Ended
Mar. 31, 2013
Stock Repurchase Program

13. Stock Repurchase Program

On December 14, 2011, the Company announced that its Board of Directors had authorized the repurchase of $150.0 million of the Company’s outstanding common stock. During the first three months of 2013, the Company repurchased 121,263 shares of common stock for $5.1 million, or $42.47 per share, under this authorization. Of these shares, 41,263 shares were purchased for $1.8 million during the last several days of March and were subsequently settled and retired in April. All of the remaining shares purchased during the first quarter were retired prior to March 31, 2013. As of March 31, 2013, $100.7 million of the $150.0 million authorization remained available for repurchase of the Company’s common stock.