STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS' EQUITY

Common Stock

On May 16, 2011, we completed a registered public offering of 7.8 million newly issued shares of our common stock. The common stock was issued at a price to the public of $1.80 per share. We received net proceeds of approximately $12.6 million from the offering after deducting underwriting discounts and estimated offering expenses of $1.5 million.

We report common stock repurchased as treasury stock in the accompanying consolidated balance sheets. Including previous common stock repurchases in 1997 and 1998, our treasury stock as of December 31, 2012 and 2011 was 4.2 million shares at a total purchase price of 38.0 million.

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income, net of related tax, at December 31, 2012 and 2011 are as follows (in thousands):

	December 31, 2012		December 31, 2011
Accumulated other comprehensive income:
Cumulative translation adjustment	$	20,978	$	20,466
Unrealized investment gain, net of tax	29		6
	$	21,007	$	20,472

Stockholder Rights Plan

On July 28, 2005, we adopted a Stockholder Rights Plan ("the Rights Plan"), under which stockholders of record at the close of business on August 15, 2005 received one share purchase right ("Right") for each share of our common stock held on that date. The Rights, which currently trade with our common stock and represent the right to purchase one one thousandth of a share of preferred stock at $55 per share, become exercisable when a person or group acquires 15 percent or more of our common stock ("the acquiror") without prior approval of our Board of Directors. In that event, the Rights would permit our stockholders, other than the acquiror, to purchase shares of our common stock having a market value of twice the exercise price of the Rights, in lieu of the preferred stock. Also, under the Rights Plan, (i) prior to a person or group acquiring 15 percent of our common stock, we can redeem the Rights for $0.001 each; (ii) we can issue one Right for each share of common stock that becomes outstanding after the record date and before the acquisition of 15 percent of our common stock by an acquiror; (iii) when the Rights become exercisable, our Board of Directors may authorize the issuance of one share of our common stock in exchange for each Right that is then exercisable; and (iv) in the event of certain business combinations, the Rights permit the purchase of the common stock of an acquiror at a 50 percent discount. The Rights expire on July 27, 2015. As of December 31, 2012, we had approximately 50 million share purchase rights outstanding.