EMPLOYEE STOCK OWNERSHIP PLAN

12 Months Ended

Dec. 31, 2011

EMPLOYEE STOCK OWNERSHIP PLAN

19. EMPLOYEE STOCK OWNERSHIP PLAN

Services Company provides the ESOP to the majority of its employees hired before September 16, 2004. Employees hired by Services Company after September 15, 2004 and certain employees covered by a union multiemployer pension plan do not participate in the ESOP. The ESOP owns all of the outstanding common stock of Services Company. At December 31, 2010, Services Company had total debt outstanding of $1.5 million consisting of 3.60% Senior Secured Notes due March 28, 2011 payable by the ESOP to a third-party lender, which was repaid on March 28, 2011.

In connection with the March 2011 repayment of the ESOP Notes, the ESOP was frozen with respect to participation and benefits effective March 27, 2011 (the “Freeze Date”). No Company contributions (other than dividend equivalent payments) will be made on behalf of current participants in the Plan on and after the Freeze Date. Even though contributions under the ESOP are no longer being made, each eligible participant’s ESOP Account will continue to be credited with its share of any stock dividends or other stock distributions associated with Services Company Stock.

Services Company stock was released to employee accounts in the proportion that current payments of principal and interest on the 3.60% ESOP Notes bear to the total of all principal and interest payments due under the 3.60% ESOP Notes. Individual employees were allocated shares based upon the ratio of their eligible compensation to total eligible compensation. Eligible compensation generally included base salary, overtime payments and certain bonuses. All Services Company stock has been released to ESOP participants. Total ESOP related costs charged to earnings were $1.2 million, $5.0 million and $2.5 million for the years ended December 31, 2011, 2010 and 2009, respectively.