Average diluted shares outstanding were 93.6 million, down 2.3 million from last year. In the quarter, we continued to return cash to shareholders, repurchasing approximately 1.2 million shares for $57.6 million and have 3.8 million shares remaining under our current authorization. We estimate average diluted shares outstanding for the fourth quarter to be approximately 93.5 million.Recapping our sales performance, adjusted for currency net sales increased 3.3% in the quarter. Currency impact was negative 2.6% resulting in reported sales growth of about 1%. Acquisitions did not have any impact on the quarter.
The Valspar's CEO Discusses F3Q2012 Results - Earnings Call Transcript
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