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EQUITY
9 Months Ended
Sep. 30, 2011
Equity [Abstract] 
Stockholders' Equity Note Disclosure [Text Block]
7.
EQUITY

Common Stock
 
The following table lists the cash dividends on common stock paid and declared by the Company during the nine months ended September 30, 2011:
 
Declaration Date
 
Record Date
 
Amount Per Share
 
Dividend Payable Date
May 3, 2011
 
May 16, 2011
 
$
0.32

 
June 2, 2011
August 2, 2011
 
August 15, 2011
 
$
0.32

 
September 2, 2011
 
On November 2, 2011, the Company announced that its board of directors declared a quarterly cash dividend of $0.32 per share of common stock. The dividend will be paid on December 2, 2011 to stockholders of record as of the close of business on November 15, 2011.
On August 1, 2011, the Company completed an underwritten public offering of 11.7 million newly issued shares of its common stock pursuant to a registration statement filed with the SEC, which became effective on July 26, 2011.  The Company received net proceeds, before expenses, of $163.9 million from the offering, after giving effect to the issuance and sale of all 11.7 million shares of common stock (which included 1.5 million shares sold to the underwriters upon exercise of their option to purchase additional shares to cover over-allotments), at a price to the public of $14.75 per share.
The following is a summary of the Company’s other common stock issuances during the nine months ended September 30, 2011: 
Exercise of stock options
 
45,657

Vesting of common stock units
 
31,519