Subsequent Event

12 Months Ended

Dec. 31, 2011

Subsequent Event

Subsequent Event

(26) Subsequent Event

        On February 24, 2012, the Company entered into an office lease agreement (the "Lease") with Brookfield Properties OLP Co. LLC for approximately 132,000 square feet of office space in New York, New York (the "Premises") to which the Company intends to relocate its corporate headquarters. The initial term of the Lease will commence on or after May 1, 2012, on the date on which the Premises are ready for occupancy, and will expire approximately 16 years after the commencement date. The Company will not be required to pay rent for the 12-month period following the commencement date. Thereafter, the minimum rent payable by the Company will be approximately $484,337 per month for the following 5 years of the initial term, will increase to approximately $539,375 per month for the 5 years thereafter, and will increase again to approximately $594,414 per month through the expiration of the initial term. In addition, beginning on or about the first anniversary of the commencement date, the Company will be obligated to pay its proportionate share of the operating costs and property taxes for the Premises.