STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2011

Assumptions Used in Calculating the Fair Value of Each SAR on the Date of Grant Using the Black-Scholes Valuation Model

The Company calculated the fair value of each SAR on the date of grant using the Black-Scholes valuation model based on the following assumptions:

Risk-free interest rates	2.32%
Expected term (in years)	5.125
Dividend yield	0.80%
Expected volatility	46.29%
Forfeiture rate	5.69%