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Equity
6 Months Ended
Jun. 30, 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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six months ended June 30, 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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six months ended June 30, 2011 — issued 110,881 shares for cash proceeds of $4,745,000

No shares were held in treasury as of June 30, 2012, December 31, 2011 and June 30, 2011. As of June 30, 2012, 3,411,416 shares may be repurchased under the current purchase authorization of our Board of Directors.