On January 27, 2010, our board of directors authorized the Company to acquire up to 5,850,000 shares of our common stock, or approximately 5% of our total shares of common stock outstanding, through a stock
repurchase plan. The shares are expected to be acquired at prevailing prices through open market transactions. The manner, price, number and timing of share repurchases will be subject to market conditions and applicable SEC rules. From January 1, 2010 through February 25, 2010, we had repurchased an aggregate of 173 thousand shares of our common stock at an average price of $6.92 per share under this program.