Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 9. Stockholders' Equity

A summary of the changes in Stockholders' equity for the three months ended March 31, 2012, is as follows:

(Amounts in thousands)	Stockholders' Equity
Balance December 31, 2011	$	249,355
Net Income		7,936
Dividend Payments		(3,004	)
Unrealized Foreign Currency Translation Gain		91
Unrealized Holding Gain on Marketable Securities		151
Net Change in Fair Value of Derivatives		1,197
Stock-based compensation expense      (net of forfeited shares)		(340	)
Balance  March 31, 2012	$	255,386

Stock Repurchase Program

On January 25, 2008, the Company's Board of Directors approved a share repurchase program for up to a total of 1,000,000 shares of the Company's common stock. We expect that any share repurchases under this program will be made from time to time for cash in open market transactions at prevailing market prices. The timing and amount of any purchases under the program will be determined by management based upon market conditions and other factors.  In 2008, we repurchased 491,572 shares of our common stock for $11.5 million. Thereafter, we suspended repurchases until the second quarter of 2010, when we repurchased 223,051 shares of our common stock for $5.2 million.  Unless and until the Board otherwise provides, this authorization will remain open indefinitely, or until we reach the 1,000,000 share limit.

This table provides certain information with respect to the Company's purchase of shares of its common stock during the first three months of 2012:

ISSUER PURCHASES OF EQUITY SECURITIES
Period	(a) Total Number of Shares Purchased	(b) Average Price Paid per Share	(c) Total Number of Shares Purchased as Part of Publicly Announced Plan	(d) Maximum Number of Shares that May Yet Be Purchased Under the Plan
January 1, 2012- January 31, 2012	-	-	-	285,377
February 1, 2012 - February 29, 2012	-	-	-	285,377
March 1, 2012 - March 31, 2012	-	-	-	285,377

On February 1, 2012 and March 9, 2012, 13,665 and 16,439 shares of common stock, respectively, were retired in order to meet tax liabilities associated with the vesting of Restricted Stock grants by our executive officers.

Dividend Payments

During the three months ended March 31, 2012, we paid cash dividends as follows:

(Amounts in Thousands Except per Share Data )
Record Date	Payment Date	Per Share Amount	Total Dividend Paid
February 15, 2012	March 1, 2012	$                      0.375	$                      2,690

      We paid an additional $314,000 in cash dividends related to unvested stock awards that accrued quarterly dividend payments, paid upon the shares vesting in the first quarter of 2012.