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Defined Contribution and 401(k) Plans
12 Months Ended
Dec. 31, 2011
Defined Contribution and 401(k) Plans [Abstract]  
DEFINED CONTRIBUTION AND 401(k) PLANS

NOTE 16 — DEFINED CONTRIBUTION AND 401(k) PLANS

Defined Contribution Plan

The Company provides a noncontributory defined contribution retirement plan for all eligible U.S. employees. Total contributions charged to expense and capital projects were $1.5 million, $1.0 million and $0.7 million for 2011, 2010 and 2009, respectively, which is based on a percentage of the salary of eligible employees.

401(k) Plan

The Company maintains a retirement savings plan (which qualifies under Section 401(k) of the U.S. Internal Revenue code) covering all eligible U.S. employees. Under the plan, employees may elect to contribute up to 100% of their cash compensation, subject to ERISA limitations. The Company adopted a Safe Harbor Tiered Match and is required to make matching contributions equal to 100% of the employee’s contribution up to 3% of the employee’s compensation plus matching contributions equal to 50% of the employee’s contribution up to an additional 2% of the employee’s compensation. Employees have the option of investing in twelve different types of investment funds. Total plan expenses recognized in the Company’s consolidated financial statements were $1.4 million, $0.9 million and $0.5 million in 2011, 2010 and 2009, respectively and plan expenses charged to operations were $1.4 million, $0.7 million and $0.3 million, respectively.