OTHER COMPREHENSIVE INCOME (LOSS) (Block)

9 Months Ended

Sep. 30, 2012

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income Note Text Block

9.       ACCUMULATEDOTHER 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		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		-		5,129
	Income (taxes) benefit				(1,953)
	Net gain (loss) on derivatives, net of taxes and before valuation allowance		-		9,174
	Valuation allowance - (decrease) increase		-		-
	Net gain (loss), net of taxes		-		9,174
Accumulated other comprehensive income (loss) ending balance		$	-	$	1,897

Accumulated Other Comprehensive Income (Loss)
		Three Months Ended
		September 30,
Category		2012		2011
		(amounts in thousands)
Accumulated other comprehensive income (loss) beginning balance		$	0	$	858
Interest Rate Derivatives
	Net gain (loss) on derivatives		0		1,679
	Income (taxes) benefit		0		(640)
	Net gain (loss) on derivatives, net of taxes and before valuation allowance		0		1,039
	Valuation allowance - (decrease) increase		0		0
	Net gain (loss), net of taxes		0		1,039
Accumulated other comprehensive income (loss) ending balance		$	0	$	1,897

Prior Period Tax Provision Correction

Included in the nine months ended September 30, 2011is a prior period correction for the year ended December 31, 2008of $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 correctionwas considered to be immaterial to both the Company's 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.