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Subsequent Events
9 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
SUBSEQUENT EVENTS
9. SUBSEQUENT EVENTS
Preferred Stock Dividend
On October 6, 2011, the Board of Directors decided not to declare the quarterly cash dividend on the Preferred Stock with respect to the third quarter of 2011 that would have otherwise been payable on November 1, 2011.
The Board also did not declare the quarterly cash dividend with respect to each of the four quarters of fiscal year 2009, the first, second and third quarters of 2010, and the second quarter of 2011. To the extent that any dividends payable on the Preferred Stock are not paid, such unpaid dividends are added to the liquidity preference of the Preferred Stock. As the Company elected not to pay in an aggregate amount equal to at least six quarterly dividends (whether or not consecutive) on the Preferred Stock, the size of the Company’s Board was increased by two members and the holders of the Preferred Stock, voting separately as a class, voted on May 24, 2011 and elected two directors to fill the vacancies created thereby, which directorships shall terminate when the Company pays all accrued but unpaid dividends.