In September 2010 the band announced the new album through their Formspring account. On October 5, 2010, the band announced the track listing for the album on their Twitter. On October 18, 2010, "Already Gone" was released as a free taste for free listening by the band. The first official single "Sick, Sick, Sick" was released on November 16, 2010. On February 3, 2011, "Mona Lisa" was released on The Alternative Press website to be streamed for free, although it was played previously at an acoustic set for 104.5 Radio, along with "On Love, On Life".
Killing Time was released on February 22, 2011. It is the band's first release on Wind-up Records and the first since their departure from Victory Records. The iTunes version of the album included the track "Don't Come Easy", and on the iTunes pre-order version, another track entitled "Monster", was included. "Sick, Sick, Sick" impacted radio on February 22. "Already Gone" was released as a radio single on August 23. In October and November, the band went on a co-headlining US tour with Saves the Day, with support from I Am the Avalanche and Transit.