GVHR » Topics » Share Repurchase Program

This excerpt taken from the GVHR 10-Q filed May 11, 2009.
Share Repurchase Program
 

Under the current share repurchase program (announced by the Company in August 2006 and increased in April 2007), a total of $111,527 of the Company’s common stock is authorized to be repurchased. Share repurchases under the program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of March 31, 2009, total shares repurchased under this program were 2,886,884 at a total cost of $60,131.  No shares were repurchased under this program during the year ended December 31, 2008 or during the first three months of 2009. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

 

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These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Share Repurchase Program

 

On August 15, 2006, the Company announced that the board of directors authorized the repurchase of up to $75,000 of the Company’s common stock under a new share repurchase program. Share repurchases under the new program were to be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deemed appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of March 31, 2007, the Company had purchased 1,650,684 shares of its common stock under this new program at a total cost of $36,527. On April 20, 2007, the Company’s board of directors authorized an increase to this share repurchase program which brought the repurchase amount authorized back up to $75,000. As of December 31, 2007, total shares repurchased under this program since its inception in August 2006 were 2,886,884 shares at a total cost of $60,131. No shares were purchased under this program during the year ended December 31, 2008. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

 

On February 28, 2006, the Company announced that the board of directors had authorized the purchase of up to 1,000,000 additional shares of the Company’s common stock under a new share repurchase program. Share repurchases under this program were to be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the Company deemed appropriate based upon a variety of factors including price, regulatory requirements, market conditions and other corporate opportunities. The Company completed this share repurchase program in September 2006 with a total purchase of 1,000,000 shares at a cost of $23,456.

 

On September 28, 2005, the Company announced that the board of directors authorized the repurchase of up to $50,000 of the Company’s common stock. Stock repurchases under this program were to be made at such times and in such amounts as the Company deemed appropriate, based on a variety of factors including price, corporate and regulatory requirements and overall market conditions. As of December 31, 2005, the Company had purchased 1,816,869 shares of its common stock at a cost of $49,399. The Company completed this share repurchase program in January 2006 with additional purchases of 23,933 shares at a cost of $601.

 

All repurchased shares were initially held as treasury shares. During the third quarter of 2007, the Company retired 8,732,527 shares of its common stock, which had been held in treasury. In connection with the retirement of these shares, the Company reclassified $149,606 of the costs associated with these treasury shares to additional paid-in capital.

 

Share Repurchase Program



 



On August 15, 2006, the Company announced that the board of
directors authorized the repurchase of up to $75,000 of the Company’s common
stock under a new share repurchase program. Share repurchases under the new
program were to be made through open market purchases, block trades or in
private transactions at such times and in such amounts as the Company deemed
appropriate, based on a variety of factors including price, regulatory
requirements, overall market conditions and other corporate opportunities. As
of March 31, 2007, the Company had purchased 1,650,684 shares of its
common stock under this new program at a total cost of $36,527. On April 20,
2007, the Company’s board of directors authorized an increase to this share
repurchase program which brought the repurchase amount authorized back up to
$75,000. As of December 31, 2007, total shares repurchased under this
program since its inception in August 2006 were 2,886,884 shares at a
total cost of $60,131. No shares were purchased under this program during the
year ended December 31, 2008. The Company has suspended its share
repurchase program for the time being in order to invest available cash in its
business.



 



On February 28,
2006, the Company announced that the board of directors had authorized the
purchase of up to 1,000,000 additional shares of the Company’s common stock
under a new share repurchase program. Share repurchases under this program were
to be made through open market repurchases, block trades or in private
transactions at such times and in such amounts as the Company deemed
appropriate based upon a variety of factors including price, regulatory
requirements, market conditions and other corporate opportunities. The Company
completed this share repurchase program in September 2006 with a total
purchase of 1,000,000 shares at a cost of $23,456.



 



On September 28,
2005, the Company announced that the board of directors authorized the
repurchase of up to $50,000 of the Company’s common stock. Stock repurchases
under this program were to be made at such times and in such amounts as the
Company deemed appropriate, based on a variety of factors including price,
corporate and regulatory requirements and overall market conditions. As of December 31,
2005, the Company had purchased 1,816,869 shares of its common stock at a
cost of $49,399. The Company completed this share repurchase program in January 2006
with additional purchases of 23,933 shares at a cost of $601.



 



All repurchased shares were initially held as treasury
shares. During the third quarter of 2007, the Company retired 8,732,527 shares
of its common stock, which had been held in treasury. In connection with the
retirement of these shares, the Company reclassified $149,606 of the costs
associated with these treasury shares to additional paid-in capital.



 



Share Repurchase Program



 



On August 15, 2006, the Company announced that the board of
directors authorized the repurchase of up to $75,000 of the Company’s common
stock under a new share repurchase program. Share repurchases under the new
program were to be made through open market purchases, block trades or in
private transactions at such times and in such amounts as the Company deemed
appropriate, based on a variety of factors including price, regulatory
requirements, overall market conditions and other corporate opportunities. As
of March 31, 2007, the Company had purchased 1,650,684 shares of its
common stock under this new program at a total cost of $36,527. On April 20,
2007, the Company’s board of directors authorized an increase to this share
repurchase program which brought the repurchase amount authorized back up to
$75,000. As of December 31, 2007, total shares repurchased under this
program since its inception in August 2006 were 2,886,884 shares at a
total cost of $60,131. No shares were purchased under this program during the
year ended December 31, 2008. The Company has suspended its share
repurchase program for the time being in order to invest available cash in its
business.



 



On February 28,
2006, the Company announced that the board of directors had authorized the
purchase of up to 1,000,000 additional shares of the Company’s common stock
under a new share repurchase program. Share repurchases under this program were
to be made through open market repurchases, block trades or in private
transactions at such times and in such amounts as the Company deemed
appropriate based upon a variety of factors including price, regulatory
requirements, market conditions and other corporate opportunities. The Company
completed this share repurchase program in September 2006 with a total
purchase of 1,000,000 shares at a cost of $23,456.



 



On September 28,
2005, the Company announced that the board of directors authorized the
repurchase of up to $50,000 of the Company’s common stock. Stock repurchases
under this program were to be made at such times and in such amounts as the
Company deemed appropriate, based on a variety of factors including price,
corporate and regulatory requirements and overall market conditions. As of December 31,
2005, the Company had purchased 1,816,869 shares of its common stock at a
cost of $49,399. The Company completed this share repurchase program in January 2006
with additional purchases of 23,933 shares at a cost of $601.



 



All repurchased shares were initially held as treasury
shares. During the third quarter of 2007, the Company retired 8,732,527 shares
of its common stock, which had been held in treasury. In connection with the
retirement of these shares, the Company reclassified $149,606 of the costs
associated with these treasury shares to additional paid-in capital.



 



This excerpt taken from the GVHR 10-Q filed Nov 10, 2008.
Share Repurchase Program
 

Under the current share repurchase program (announced by the Company in August 2006 and increased in April 2007), a total of $111,527 of the Company’s common stock is authorized to be repurchased. Share repurchases under the program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of December 31, 2007, total shares repurchased under this program were 2,886,884 at a total cost of $60,131.  No shares were repurchased under this program during the nine month period ended September 30, 2008. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

 

This excerpt taken from the GVHR 10-Q filed Aug 11, 2008.
Share Repurchase Program
 

Under the current share repurchase program (announced by the Company in August 2006 and increased in April 2007), a total of $111,527 of the Company’s common stock is authorized to be repurchased. Share repurchases under the program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of December 31, 2007, total shares repurchased under this program were 2,886,884 at a total cost of $60,131.  No shares were repurchased under this program during the six month period ended June 30, 2008. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

 

This excerpt taken from the GVHR 10-Q filed May 12, 2008.
Share Repurchase Program
 

Under the current share repurchase program (announced by the Company in August 2006 and increased in April 2007), a total of $111,527 of the Company’s common stock is authorized to be repurchased. Share repurchases under the program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of December 31, 2007, total shares repurchased under this program were 2,886,884 at a total cost of $60,131.  No shares were repurchased under this program during the three

 

15



 

month period ended March 31, 2008. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

 

These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

Share Repurchase Program

        On August 15, 2006, the Company announced that the board of directors authorized the repurchase of up to $75,000 of the Company's common stock under a new share repurchase program. Share repurchases under the new program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of March 31, 2007, the Company had purchased 1,650,684 shares of its common stock under this new program at a total cost of $36,527. On April 20, 2007, the Company's board of directors authorized an increase to this share repurchase program bringing the repurchase amount authorized back up to $75,000. As of December 31, 2007, total shares repurchased under this program since its inception in August 2006 were 2,886,884 shares at a total cost of $60,131. Total shares repurchased under this program during 2007 were 1,543,121 at a total cost of $30,290. The Company has suspended its share repurchase program for the time being in order to invest available cash in its business.

        On February 28, 2006, the Company announced that the board of directors had authorized the purchase of up to 1,000,000 additional shares of the Company's common stock under a new share repurchase program. Share repurchases under this program were to be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the Company deemed appropriate based upon a variety of factors including price, regulatory requirements, market conditions and other corporate opportunities. The Company completed this share repurchase program in September 2006 with a total purchase of 1,000,000 shares at a cost of $23,456.

        On September 28, 2005, the Company announced that the board of directors authorized the repurchase of up to $50,000 of the Company's common stock. Stock repurchases under this program were to be made at such times and in such amounts as the Company deemed appropriate, based on a variety of factors including price, corporate and regulatory requirements and overall market conditions. As of December 31, 2005, the Company had purchased 1,816,869 shares of its common stock at a cost of $49,399. The Company completed this share repurchase program in January 2006 with additional purchases of 23,933 shares at a cost of $601.

        All repurchased shares were initially held as treasury shares. During the third quarter of 2007, the Company retired 8,732,527 shares of its common stock, which had been held in treasury. In connection with the retirement of these shares, the Company reclassified $149,606 of the costs associated with these treasury shares to additional paid-in capital.

Share Repurchase Program





        On August 15, 2006, the Company announced that the board of directors authorized the repurchase of up to $75,000 of the Company's common stock under a new
share repurchase program. Share repurchases under the new program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company
deems appropriate, based on a
variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of March 31, 2007, the Company had purchased 1,650,684 shares of its
common stock under this new program at a total cost of $36,527. On April 20, 2007, the Company's board of directors authorized an increase to this share repurchase program bringing the
repurchase amount authorized back up to $75,000. As of December 31, 2007, total shares repurchased under this program since its inception in August 2006 were 2,886,884 shares at a total cost of
$60,131. Total shares repurchased under this program during 2007 were 1,543,121 at a total cost of $30,290. The Company has suspended its share repurchase program for the time being in order to invest
available cash in its business.



        On
February 28, 2006, the Company announced that the board of directors had authorized the purchase of up to 1,000,000 additional shares of the Company's common stock under a new
share repurchase program. Share repurchases under this program were to be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the Company
deemed appropriate based upon a variety of factors including price, regulatory requirements, market conditions and other corporate opportunities. The Company completed this share repurchase program in
September 2006 with a total purchase of 1,000,000 shares at a cost of $23,456.




        On
September 28, 2005, the Company announced that the board of directors authorized the repurchase of up to $50,000 of the Company's common stock. Stock repurchases under this
program were to be made at such times and in such amounts as the Company deemed appropriate, based on a variety of factors including price, corporate and regulatory requirements and overall market
conditions. As of December 31, 2005, the Company had purchased 1,816,869 shares of its common stock at a cost of $49,399. The Company completed this share repurchase program in January 2006
with additional purchases of 23,933 shares at a cost of $601.



        All
repurchased shares were initially held as treasury shares. During the third quarter of 2007, the Company retired 8,732,527 shares of its common stock, which had been held in
treasury. In connection with the retirement of these shares, the Company reclassified $149,606 of the costs associated with these treasury shares to additional paid-in capital.





This excerpt taken from the GVHR 10-Q filed Nov 9, 2007.
Share Repurchase Program
 

On August 15, 2006, the Company announced that the board of directors authorized the repurchase of up to $75,000 of the Company’s common stock under a new share repurchase program. Share repurchases under the new program may be made through open market purchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate, based on a

 

13



 

variety of factors including price, regulatory requirements, overall market conditions and other corporate opportunities. As of March 31, 2007, the Company had purchased 1,650,684 shares of its common stock under this new program at a total cost of $36,527. On April 20, 2007, the Company’s board of directors authorized an increase to this share repurchase program bringing the repurchase amount authorized back up to $75,000.

 

For the three and nine month periods ended September 30, 2007, the Company repurchased 420,000 and 1,543,121 shares, respectively, under this repurchase program at a total cost of $7,472 and $30,290, respectively. As of September 30, 2007, total shares repurchased under this program since its inception in August 2006 were 2,886,884 shares at a total cost of $60,131. The Company has disengaged from its share repurchase program for the time being in order to invest available cash in its business.

 

All repurchased shares were initially held as treasury shares. During the third quarter of 2007, the Company retired 8,732,527 shares of its common stock, which had been held in treasury. In connection with the retirement of these shares, the Company reclassified $149,606 of the costs associated with these treasury shares to additional paid-in capital.

 

This excerpt taken from the GVHR 10-K filed Mar 16, 2007.
Share Repurchase Program
 
On August 15, 2006, the Company announced that the board of directors had authorized the purchase of up to an additional $75,000 of the Company’s common stock under a new share repurchase program. Share repurchases under the new program are to be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the Company deems appropriate based upon a variety of factors including price, regulatory requirements, market conditions and other corporate opportunities. As of December 31, 2006, the Company had purchased 1,343,763 shares of its common stock at a cost of $29,841. Subsequent to December 31, 2006 and through February 28, 2007, the Company purchased an additional 306,921 shares of its common stock under this repurchase plan at a cost of $6,686.
 
On February 28, 2006, the Company announced that the board of directors had authorized the purchase of up to 1,000,000 additional shares of the Company’s common stock under a new share repurchase program. Share repurchases under this program were to be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the Company deemed appropriate based upon a variety of factors including price, regulatory requirements, market conditions and other corporate opportunities. The Company completed this share repurchase program in September 2006 with a total purchase of 1,000,000 shares at a cost of $23,456.
 
On September 28, 2005, the Company announced that the board of directors authorized the repurchase of up to $50,000 of the Company’s common stock. Stock repurchases under this program were to be made at such times and in such amounts as the Company deemed appropriate, based on a variety of factors including price, corporate and regulatory requirements and overall market conditions. As of December 31, 2005, the Company had purchased 1,816,869 shares of its common stock at a cost of $49,399. The Company completed this share repurchase program in January 2006 with additional purchases of 23,933 shares at a cost of $601.
 
All repurchased shares are included in treasury shares at December 31, 2006 and 2005, respectively.


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