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LONG-TERM DEBT
3 Months Ended
Mar. 31, 2012
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]

8. LONG-TERM DEBT

On March 1, 2002, the Company issued $385 million of 6.5% senior unsecured notes due March 1, 2012. During 2003, the Company entered into an interest rate swap agreement to effectively convert this fixed-rate debt to a floating rate. See Note 5 for further information. The notes matured and were redeemed in full on March 1, 2012, utilizing available cash on hand.