FORMER SAE CONVERTIBLE PREFERRED STOCK

6 Months Ended

Jun. 30, 2013

Convertible Preferred Stock [Abstract]

FORMER SAE CONVERTIBLE PREFERRED STOCK

NOTE 7 —  FORMER SAE CONVERTIBLE PREFERRED STOCK

As the Corporation had already met its distribution limit to stockholders under the Credit Agreement upon consummation of the Merger, approximately $1.1 million remain in accrued liabilities related to preferred stock dividends as of June 30, 2013. The following table represents the accrued, paid and unpaid dividends included in accrued liabilities for Former SAE preferred shares, which were retired as a result of the Merger on June 24, 2013, as of the dates set forth below:

	2013		2012
December 31	$	894	$	537
Accrual		131		131
Payment		(42)		(14)
March 31	$	983	$	654
Accrual		131		131
Special dividend		5,000		—
Payment		(5,042)		(56)
June 30	$	1,072	$	729