Defined Contribution Plan

3 Months Ended

Mar. 31, 2012

Defined Contribution Plan [Abstract]

Defined Contribution Plan

18.           Defined Contribution Plan

During 2011, the Company began sponsoring a 401(k) defined contribution plan ("401(k) Plan") that provides for a 100% employer matching contribution of the first 3% and a 50% employer matching contribution of each additional percent contributed by an employee up to 5% of each employee's pay. Employees become fully vested in employer matching contributions after six months of employment. Company 401(k) matching contributions were approximately  $20,000 and $9,000 for the three months ended March 31, 2012 and 2011, respectively. In 2011 employees were able to defer up to $16,500 (plus $5,500 for employees over the age of 50) of their yearly pay as a pre-tax investment in the 401(k) Plan, in accordance with limits set by the IRS.  In 2012 the limits will increase to $17,000 (plus an additional $5,500 for employees over the age of 50).