SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

        On April 30, 2013, the Company's Board declared a dividend of $0.16 per outstanding share of common stock, or approximately $25.3 million in total, which will be paid on or about June 26, 2013 to shareholders of record as of June 3, 2013. The Company's Board currently intends to pay further dividends in each of the following quarters of 2013. Although it is the Board's current intention to declare and pay further dividends in the remaining quarters of 2013, there can be no assurance that such additional dividends will in fact be declared and paid. Any such declaration is at the discretion of the Board and will depend upon factors such as Company's earnings, financial position and cash requirements.