AK TPTK, fold...?

[BuddahShark]

I really don't like how I played this one. What'd I do wrong?
-Reraise preflop?
-Call or fold on flop?
-Check or bet on turn?

I think the fold was absolutely necessary, as Button's bet indicated AQ to me. Please tear me apart. Thanks.

Party Poker No-Limit Hold'em, $ Hero (6 max, 5 handed) converter

UTG ($0)
MP ($96.25)
Button ($186.54)
SB ($38)
Hero ($50.75)

Preflop: Hero is BB with K[img]/images/graemlins/spade.gif[/img], A[img]/images/graemlins/club.gif[/img]. SB posts a blind of $0.25.
<font color="#666666">1 fold</font>, <font color="#CC3333">Button raises to $2</font>, SB (poster) calls $1.75, Hero calls $1.50.

Flop: ($6) 3[img]/images/graemlins/club.gif[/img], Q[img]/images/graemlins/diamond.gif[/img], 2[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(4 players)</font>
SB checks, Hero checks, <font color="#CC3333">Button bets $5.7</font>, SB calls $5.70, Hero calls $5.70.

Turn: ($23.10) A[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(4 players)</font>
SB checks, <font color="#CC3333">Hero bets $10</font>, <font color="#CC3333">Button raises to $45</font>, SB calls $30.30 (All-In), Hero folds.

River: ($108.40) 3[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

Final Pot: $108.40