Gain on Sale of Investment

6 Months Ended

Jun. 30, 2012

Gain on Sale of Investment [Abstract]

GAIN ON SALE OF INVESTMENT

NOTE 15 GAIN ON SALE OF INVESTMENT

The Company has held an equity interest in a privately-held U.S. corporation, which was accounted for using the cost method. The Company had reduced the carrying value of this interest to zero during 2008 due to the investee’s poor financial condition at that time. In the second quarter of 2012, the investee was acquired in a merger transaction, and the Company received $5.3 million for its interest as a result of the acquisition.