STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2012

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

12. STOCKHOLDERS' EQUITY

        On January 16, 2012, the Board of Directors declared a dividend distribution of one preferred share purchase right (a "2012 Rights") for each share of common stock of the Company outstanding at the close of business on February 3, 2012. The 2012 Rights were issued pursuant to the terms of a Rights Agreement, dated as of January 16, 2012 (the "2012 Rights Agreement"), by and between the Company and Computershare Trust Company, N.A., as rights agent. On May 8, 2012, the Company entered into an amendment to the 2012 Rights Agreement which accelerated the expiration date of the Rights Agreement to May 9, 2012. As a result, the 2012 Rights Agreement has terminated and no 2012 Rights are issuable thereunder.

        On May 21, 2012 the Company's Board of Directors declared an $0.08 per share cash dividend, with a record date of June 28, 2012 and a payment date of July 10, 2012.