Quarterly report pursuant to Section 13 or 15(d)

EQUITY TRANSACTIONS

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EQUITY TRANSACTIONS
 6 Months Ended
Jun. 30, 2012
EQUITY TRANSACTIONS

NOTE 8. EQUITY TRANSACTIONS

We account for stock-based compensation expense in accordance with FASB ASC Topic 718 “Compensation—Stock Expense.” As a result, $0.4 million and $0.7 million of non-cash stock-based compensation expense has been recorded to additional paid-in capital for the three and six months ended June 30, 2012, respectively, in comparison to $0.2 million and $0.5 million for the three and six months ended June 30, 2011.

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. Quarterly common stock dividends of $0.9 million and $0.9 million, or $0.035 per share, were paid on March 31, 2012 and June 29, 2012, respectively to all common stockholders of record as of indicated date. We anticipate paying quarterly common stock dividends in March, June, September and December of each year. Based on the number of shares currently outstanding we expect to pay total annual common stock dividends of approximately $3.4 million.