Stockholders' Equity

6 Months Ended

Jun. 30, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 9. Stockholders' Equity

A summary of the changes in Stockholders' equity for the six months ended June 30, 2012 is as follows:

	Stockholders'
(Amounts in thousands)	Equity
Balance December 31, 2011	$	249,355
Net Income		8,640
Dividend Payments		(4,805	)
Unrealized Foreign Currency Translation Loss		(79	)
Unrealized Holding Gain on Marketable Securities		188
Net Change in Fair Value of Derivatives		70
Stock-based compensation expense      (net of forfeited shares)		(125	)
Balance  June 30, 2012	$	253,244

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 six 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
April 1, 2012- April 30, 2012		-		-		-		285,377
May 1, 2012 - May 31, 2012		-		-		-		285,377
June  1, 2012 - June 30, 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 six months ended June 30, 2012, we paid cash dividends as follows:

(Amounts in Thousands Except per Share Data )				Total
		Per Share		Dividend
Record Date	Payment Date	Amount		Paid
February 15, 2012	March 1, 2012	$	0.375	$	2,690
May 16, 2012	June 1, 2012	$	0.250	$	1,801
				$	4,491

During this period, 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 six months of 2012.