Dividends

9 Months Ended

Sep. 30, 2012

Dividends, Common Stock [Abstract]

DIVIDENDS

DIVIDENDS

On July 26, 2012, the Company’s Board of Directors declared a cash dividend of $0.04 per outstanding share of common stock. The aggregate payment of $2.2 million was made on August 23, 2012 to shareholders of record as of August 9, 2012.

On July 26, 2011, the Company’s Board of Directors declared a cash dividend of $0.04 per outstanding share of common stock. The aggregate payment of $2.5 million was made on August 24, 2011 to shareholders of record as of August 10, 2011.