Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events

R.  Subsequent Events

On January 3, 2012, the Company issued 105,300 RSAs to its professional staff for which the fair value was $43.49 per share.  The RSAs will vest 30% over three years from the date of grant and 70% over five years from the date of grant.  The Company expects that the additional annual expense related to this grant will be $0.9 million for the years 2012 through 2014 and $0.5 million for the years 2015 through 2016.

On February 7, 2012, the Board of Directors declared a regular quarterly dividend of $0.04 per share to all of its shareholders, payable on March 27, 2012 to shareholders of record on March 13, 2012.

From January 1, 2012 to March 6, 2012, the Company repurchased 18,657 shares at $46.92 per share.  This brings the remaining authorization under the stock repurchase program to 554,710 shares at March 6, 2012.