XML 36 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Savings and Stock Ownership Plan (Notes)
12 Months Ended
Dec. 31, 2011
Employee Savings and Stock Ownership Plan [Abstract]  
Employee Savings and Stock Ownership Plan
Note 15. Employee Savings and Stock Ownership Plan
 
The Company has an employee savings and stock ownership plan covering substantially all of its employees.  The plan consists of two components.  One component is an employee stock ownership plan.  The other component is a discretionary contribution plan.  Both components have a qualified cash or deferred arrangement under Internal Revenue Code Section 401(k).  The purpose of the plan is to offer participants a systematic program for the accumulation of retirement and savings income, as well as a means by which to obtain beneficial interest of ownership in Company stock.  The stock ownership component of the plan, which is optional, is intended to invest exclusively in common stock of the Company.

The contributions made by the Company to the discretionary contribution component are determined annually by the Board of Directors.  Total expense for the years ended December 31, 2011, 2010, and 2009, totaled $437, $215, and $0, respectively.

The plan allows eligible employees to defer a portion of their compensation ranging from 1 percent to the maximum dollar amount allowed by current law.  The Company is required to match a portion of the employees' contributions.  The Company's match is 100 percent of the first 3 percent of employee deferrals and 50 percent of the next 2 percent of employee deferrals.  Forfeitures are used to reduce employer contributions.  Expense for the years ended December 31, 2011, 2010, and 2009, totaled $315, $275, and $287, respectively.

As of December 31, 2011 and 2010, the plan held 261,573 and 289,823 shares, respectively, of Company stock.  These shares are included in the computation of earnings (loss) per share.  Dividends on shares held in the plan may be reinvested in Company stock or paid in cash to the participants, at the election of the participants.