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DIVIDENDS DECLARED ON COMMON STOCK
6 Months Ended
Jun. 30, 2011
Notes To Consolidated Financial Statement Abstract  
DIVIDENDS DECLARED ON COMMON STOCK

14.       DIVIDENDS DECLARED ON COMMON STOCK

 

On June 8, 2011, the Company announced that its Board of Directors had declared a cash dividend of $0.08 per issued and outstanding share of the Company's Class A common stock, which was paid on July 29, 2011, to stockholders of record at the close of business on July 1, 2011. The $5.1 million dividend was recorded as a reduction of accumulated earnings and is included in other current liabilities in the accompanying condensed consolidated balance sheets as of June 30, 2011. The Company has not adopted a dividend policy.