Deferred Offering Costs

9 Months Ended

Sep. 30, 2011

Deferred Offering Costs

Deferred Offering Costs

15.Deferred Offering Costs

In September 2010, the Company announced plans to sell a minority ownership position in its BEST subsidiary through an initial public offering of the capital stock of BEST. As a result of economic and market factors the timing of the BEST initial public offering is uncertain. Although BEST remains in registration, the Company has determined that deferred offering costs totaling $3.4 million should be expensed in the third quarter of 2011 based on the uncertainty in the timing of a future offering.