Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events

Subsequent Events

15.          Subsequent Events

In January 2012, the Board declared a dividend of $0.125 per share, a total currently estimated at $6.0 million, to be paid on April 26, 2012, to stockholders of record on April 5, 2012.

In January 2012, the Board authorized the Company to repurchase up to $50.0 million of the Company’s common stock. The authorization will remain in effect through the end of 2012.

In January 2012, the Company acquired the equity of S&P Clever Reinforcement Company AG and S&P Reinforcement International AG (collectively “S&P Clever”) for $56.5 million. S&P Clever manufacturers and sells engineered materials for repair, strengthening and restoration of concrete, asphalt and masonry construction and has operations throughout Europe. This business combination, which closed on January 9, 2012, will be recorded in accordance with the business acquisition method. Because the acquisition was so recent, the Company is in the process of evaluating the information required to determine the purchase price allocation.