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Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events

13. Subsequent Events

On October 25, 2012, the Company declared a cash dividend of $0.11 per share (totaling $1.5 million) payable on November 23, 2012 to Class A and Class B Stockholders of record on November 9, 2012.

In late October 2012, Hurricane Sandy made landfall in the Eastern United States causing widespread business disruption and dislocation as well as substantial damage to five states including in particular New York and New Jersey which has experienced severe flooding and damage to critical infrastructure, municipal transportation, and electric power. The Company occupies two office buildings, including the Company’s headquarters, in Zone A in lower Manhattan that were ordered evacuated by order of New York City on Sunday, October 28th. The Company has relocated critical personnel to other Company locations. Many of the Company’s employees located throughout the New York metropolitan area have also been affected, as has been their access to their place of work and their personal residence. The events described above are still unfolding and their ultimate effects will not be known for some time and, as a result, the Company cannot estimate how long the relocation will last or when the restoration of critical infrastructure, municipal transportation and electric power will occur. Although the Company believes that the current relocation will allow it to continue to operate its critical business functions, there can be no guarantee that the effects of Hurricane Sandy won’t have a significant negative financial impact on the Company.