XML 49 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 18 EQUITY
 12 Months Ended
Dec. 31, 2012
Stockholders' Equity Note Disclosure [Text Block]
NOTE 18 EQUITY

Common Stock


On May 9, 2000, we announced that our Board of Directors authorized the repurchase of up to 6,000,000 of our issued and outstanding shares of common stock. To date, we have repurchased 431,100 shares under this plan (all in 2004). We may still purchase a total of 5,568,900 shares under this plan.


On November 9, 2011, OCN completed the public offering of 28,750,000 shares of common stock at a per share price of $13.00, including 3,750,000 shares of common stock purchased by the underwriters pursuant to the full exercise of the over-allotment option granted under the underwriting agreement. We received net proceeds of $354,445 from the offering after deducting underwriting fees and other incremental costs directly related to the offering.


On March 28, 2012, we converted $56,410 of the outstanding principal balance of the Convertible Notes to 4,635,159 shares of common stock. See Note 15


for additional information regarding the conversion.


Accumulated Other Comprehensive Loss


The components of accumulated other comprehensive loss (AOCL), net of income taxes, were as follows at December 31:


    2012     2011  
Unrealized losses on cash flow hedges   $ 6,310     $ 7,760  
Other     131       136  
    $ 6,441     $ 7,896