SHAW GROUP INC - 10-Q filing on 2011-12-21

Note 19 - Share Repurchase Program	3 Months Ended
Nov. 30, 2011
Treasury Stock [Text Block]	Note 19 —Share Repurchase Program In June 2011, our Board of Directors authorized the repurchase of up to $500.0 million of our common stock, at times and in such amounts as management deems appropriate. As of November 30, 2011, we had repurchased 945,100 shares under the repurchase authorization at a weighted average cost of $23.01 per share and a cost of approximately $21.8 million, including commissions. All repurchased shares are held in treasury and are available for reissuance. After consideration for the purchases made through the modified Dutch auction tender offer discussed in Note 20 – Subsequent Events, we currently have an open authorization to repurchase up to $328.2 million in shares, excluding fees and expenses related to the tender offer and subject to limitations contained in the Facility. See Note 9 – Debt and Revolving Lines of Credit for additional information on our Facility.

Note 19 - Share Repurchase Program

3 Months Ended

Nov. 30, 2011

Note 19 —Share Repurchase Program

In June 2011, our Board of Directors authorized the repurchase of up to $500.0 million of our common stock, at times and in such amounts as management deems appropriate. As of November 30, 2011, we had repurchased 945,100 shares under the repurchase authorization at a weighted average cost of $23.01 per share and a cost of approximately $21.8 million, including commissions. All repurchased shares are held in treasury and are available for reissuance.

After consideration for the purchases made through the modified Dutch auction tender offer discussed in Note 20 – Subsequent Events, we currently have an open authorization to repurchase up to $328.2 million in shares, excluding fees and expenses related to the tender offer and subject to limitations contained in the Facility. See Note 9 – Debt and Revolving Lines of Credit for additional information on our Facility.