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RETIREMENT PLAN	12 Months Ended
Dec. 31, 2011
RETIREMENT PLAN	13. RETIREMENT PLAN The Company has a defined contribution plan (the “Retirement Plan”) for all employees that are qualified under Section 401(k) of the Internal Revenue Code. Gulf Island Resources employees are not eligible for the Retirement Plan. Contributions to the Retirement Plan by the Company are based on the participants’ contributions, with an additional year-end discretionary contribution determined by the Board of Directors. For the years ended December 31, 2011, 2010, and 2009, the Company contributed a total of $1.9 million, $2.1 million, and $2.3 million, respectively.

RETIREMENT PLAN

12 Months Ended

Dec. 31, 2011

13. RETIREMENT PLAN

The Company has a defined contribution plan (the “Retirement Plan”) for all employees that are qualified under Section 401(k) of the Internal Revenue Code. Gulf Island Resources employees are not eligible for the Retirement Plan. Contributions to the Retirement Plan by the Company are based on the participants’ contributions, with an additional year-end discretionary contribution determined by the Board of Directors. For the years ended December 31, 2011, 2010, and 2009, the Company contributed a total of $1.9 million, $2.1 million, and $2.3 million, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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-Name Accounting Standards Codification

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+ Details