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Equity
3 Months Ended
Mar. 31, 2012
Other Comprehensive Income (OCI) and Equity [Abstract]  
EQUITY

NOTE 8: EQUITY

In February 2011, we issued 372,992 shares (368,527 shares net of acquired cash) of common stock in connection with a business acquisition as described in Note 13.

We periodically sell shares of common stock to the trustee of our 401(k) savings and retirement plan to satisfy the plan participants’ elections to invest in our common stock. The resulting cash proceeds provide a means of improving cash flow, increasing equity and reducing leverage. Under this arrangement, the stock issuances and resulting cash proceeds were as follows:

 

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three months ended March 31, 2012 — no shares issued

 

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twelve months ended December 31, 2011 — issued 110,881 shares for cash proceeds of $4,745,000

 

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three months ended March 31, 2011 — no shares issued

No shares were held in treasury as of March 31, 2012, December 31, 2011 and March 31, 2011. As of March 31, 2012, 3,411,416 shares may be repurchased under the current purchase authorization of our Board of Directors.