Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events

18. Subsequent Events

In January 2012, the Company awarded 54,572 shares of restricted stock to certain employees. The fair value of the stock award on the date of grant totaled $6,528, which will be recognized as expense, net of estimated forfeitures, on a straight-line basis over the three-year vesting period.

In January 2012, the Company awarded 2,755 units of phantom shares to certain key international employees. The fair value of the stock award on the date of grant totaled $330.

Subsequent to December 31, 2011, the Company drew down $10,000 on its existing revolving credit facility to fund a common share repurchase along with other commitments. As of February 28, 2012, the balance outstanding on the Company’s revolving credit facility was $10,000.