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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2011
Stockholders' Equity Note [Abstract]  
Summary of RSU and RSA Activity
A summary of activity of RSU and RSA is as follows:
 
RSU
 
RSA
Outstanding at January 1, 2011
594,000

 
4,200

Granted

 
5,046

Vested

 
(4,200
)
Outstanding and unvested at December 31, 2011
594,000

 
5,046

Unrecognized compensation cost, expected to be recognized over the next 3 years (in thousands)
$
10,023

 
$
62

Schedule of SAR Valuation Assumptions
The fair value of each SAR awarded was estimated on the grant date using a Black-Scholes option pricing model that uses various assumptions and estimates to calculate a fair value as described below.

Expected volatility was based on the actual trading volatility of the Company’s common stock.  The Company uses historical experience to estimate expected forfeitures and estimated terms.  The expected term of a SAR grant represents the period of time that the SAR is expected to be outstanding.  The risk-free rate is the U.S. Treasury Bond yield that corresponds to the expected term of each SAR grant.  Expected dividend yield is zero as the Company has not and does not foresee paying a dividend in the future.  Forfeitures are estimated to be zero based on the strike price and expected holding period of the SAR.

Expected volatility
29% — 31%

Expected term
7 years

Risk-free rate
4.3% — 4.7%

Expected dividend yield
%
Expected forfeiture rate
%
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
A summary of SAR activity is as follows:
 
SAR
 
Weighted Average Exercise Price
 
Weighted Average Contractual Term Remaining
Outstanding at January 1, 2011
1,822,079

 
$
36.15

 
5.5
 years
Expired
(10,000
)
 
$
33.76

 
 
Outstanding  and exercisable at December 31, 2011
1,812,079

 
$
36.16

 
4.5
 years