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OTHER COMPREHENSIVE INCOME (LOSS) (Block)
9 Months Ended
Sep. 30, 2011
Other Comprehensive Income (Loss), Net of Tax [Abstract] 
Comprehensive Income Note Text Block

14.       ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

       The Company's accumulated comprehensive income (loss) consists of net income (loss) and other items recorded directly to the equity accounts.

 

       The following table summarizes the types of other comprehensive income (loss) recorded to the statements of comprehensive income (loss) for the periods indicated:

 

Accumulated Other Comprehensive Income (Loss)
   Nine Months Ended
   September 30,
Category 2011 2010
   (amounts in thousands)
    
Accumulated other comprehensive income (loss) beginning balance $(7,277) $(13,432)
        
Interest Rate Derivatives      
 Prior period correction recorded in the current period   5,998   -
 Net gain (loss) on derivatives   5,129   3,159
 Income (taxes) benefit   (1,953)   (1,248)
 Net gain (loss) on derivatives, net of taxes and before valuation allowance   9,174   1,911
 Valuation allowance - (decrease) increase   -   (1,248)
 Net gain (loss), net of taxes   9,174   3,159
Accumulated other comprehensive income (loss) ending balance $ 1,897 $ (10,273)

Accumulated Other Comprehensive Income (Loss)
   Three Months Ended
   September 30,
Category 2011 2010
   (amounts in thousands)
    
Accumulated other comprehensive income (loss) beginning balance $ 858 $ (11,697)
Interest Rate Derivatives      
 Net gain (loss) on derivatives   1,679   1,424
 Income (taxes) benefit   (640)   (562)
 Net gain (loss) on derivatives, net of taxes and before valuation allowance   1,039   862
 Valuation allowance - (decrease) increase   -   (562)
 Net gain (loss), net of taxes   1,039   1,424
Accumulated other comprehensive income (loss) ending balance $ 1,897 $ (10,273)

Prior Period Correction

       

       Included in the nine months ended September 30, 2011 is a prior period correction for the year ended December 31, 2008 of $6.0 million that was made to record an income tax benefit to other comprehensive income (loss) and to increase deferred income tax expense by the same amount.  The prior period financial statements were not restated as this correction was considered to be immaterial to our previously reported results of operations and financial position and had no impact on previously reported cash flows from operating, financing or investing activities.