Quarterly report pursuant to Section 13 or 15(d)

EQUITY TRANSACTIONS

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EQUITY TRANSACTIONS
 3 Months Ended
Mar. 31, 2012
EQUITY TRANSACTIONS

NOTE 7. EQUITY TRANSACTIONS

We account for stock-based compensation expense in accordance with FASB ASC Topic 718 “Compensation-Stock Expense.” As a result, $0.3 million of non-cash stock-based compensation expense has been recorded to additional paid-in capital for each of the three months ended March 31, 2011 and 2012.

On March 7, 2012, our Board of Directors authorized and declared a quarterly dividend in the amount of $0.035 per share on Class A and Class B common stock. The initial quarterly cash dividend of $0.9 million or $0.035 per share was paid on March 30, 2012 to all common stockholders of record as of March 23, 2012. We anticipate paying quarterly dividends in March, June, September and December of each year. Based on the number of shares currently outstanding we expect to pay total annual dividends of approximately $3.4 million.