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OTHER COMPREHENSIVE INCOME (LOSS) (Block)
 6 Months Ended
Jun. 30, 2012
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income Note Text Block

9.       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)
   Six Months Ended
   June 30,
Category 2012 2011
   (amounts in thousands)
    
Accumulated other comprehensive income (loss) beginning balance $0 $(7,277)
Interest Rate Derivatives      
 Prior period correction recorded in the current period   -   5,998
 Net gain (loss) on derivatives      3,450
 Income (taxes) benefit     (1,313)
 Net gain (loss) on derivatives, net of taxes and before valuation allowance   -   8,135
 Valuation allowance - (decrease) increase   -   -
 Net gain (loss), net of taxes   -   8,135
Accumulated other comprehensive income (loss) ending balance $ - $ 858
        

Accumulated Other Comprehensive Income (Loss)
   Three Months Ended
   June 30,
Category 2012 2011
   (amounts in thousands)
    
Accumulated other comprehensive income (loss) beginning balance $0 $(5,288)
Interest Rate Derivatives      
 Prior period correction in the current period  0  5,998
 Net gain (loss) on derivatives  0  1,461
 Income (taxes) benefit  0  (617)
 Net gain (loss) on derivatives, net of taxes and before valuation allowance  0  6,842
 Valuation allowance - (decrease) increase  0  696
 Net gain (loss), net of taxes  0  6,146
Accumulated other comprehensive income (loss) ending balance $0 $858

Prior Period Tax Provision Correction

       

       Included in the six months and three months ended June 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 both our previously reported and current results of operations and financial position and had no impact on previously reported cash flows from operating, financing or investing activities.