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EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2011
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

 

NOTE 21 — EMPLOYEE BENEFIT PLANS

        The Company has a defined-contribution retirement plan in which substantially all employees may participate. The Company matches 80% of the first 8% of eligible employees' contributions and makes additional contributions based on employee compensation and the overall profitability of the Company. Expense was $2,269 in 2011, $2,014 in 2010, and $916 in 2009. The Company made an additional contribution in 2011 and 2010 based on the overall profitability of the Company, but made no additional contributions in 2009 above the standard matching provisions.