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Allowances for Doubtful Accounts
12 Months Ended
Dec. 31, 2011
Allowances for Doubtful Accounts

8. Allowances for Doubtful Accounts

Changes in the allowance for doubtful accounts during each of the three years in the period ended December 31, were as follows:

 

     Year ended December 31,  
     2011     2010      2009  
     (Restated,
see note 2)
    (Restated,
see note 2)
    

 

 

Balance, beginning of year

   $ 20,863      $ 10,066       $ 11,768   

Effect of FX movement on opening balance

     (2,725     1,770         454   

Change in provision for bad debts – reported in statement of operations

     6,372        9,027         5,194   

Charge-offs, net of recoveries

     0        0         (7,350
  

 

 

   

 

 

    

 

 

 

Balance, end of year

   $ 24,510      $ 20,863       $ 10,066