Accounts Receivable

9 Months Ended

Sep. 30, 2012

Accounts Receivable [Abstract]

Accounts Receivable

(4)  Accounts Receivable:

The components of accounts receivable, net are as follows:

($ in thousands)	September 30, 2012			December 31, 2011
Retail and Wholesale	$	624,852		$	639,842
Other		40,446			52,363
Less: Allowance for doubtful accounts		(107,725	)		(107,048	)
Accounts receivable, net	$	557,573		$	585,157

Retail and wholesale accounts receivable and the allowance for doubtful accounts are presented net of a fair value adjustment related to purchase accounting of $9.8 million at December 31, 2011. No further fair value adjustment was required as of the quarter ended March 31, 2012. We maintain an allowance for estimated bad debts based on our estimate of our ability to collect accounts receivable. Bad debt expense, which is recorded as a reduction to revenue, was $20.8 million and $19.3 million for the three months ended September 30, 2012 and 2011, respectively, and $61.5 million and $65.7 million for the nine months ended September 30, 2012 and 2011, respectively.

Amounts for retail and wholesale accounts receivable as of December 31, 2011 have been revised to conform to the current presentation, reflecting a reduction of $31.0 million for customer volume discounts with a right of offset to the customer's accounts receivable. There was a similar reduction to other current liabilities in the balance sheet.