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Accounts Payable And Accrued Liabilities
6 Months Ended
Jun. 30, 2011
Accounts Payable And Accrued Liabilities  
Accounts Payable And Accrued Liabilities

NOTE 7 — ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities consist of the following. Prior period amounts have been reclassified to conform to the current period presentation.

 

     June 30,
2011
     December 31,
2010
 
     (Amounts in thousands)  

Accounts payable

   $ 1,073       $ 895   

Accrued salaries and wages

     1,276         1,255   

Accrued legal and audit (1)

     2,979         3,320   

Accrued interest

     646         382   

Other accrued liabilities

     1,679         1,601   
  

 

 

    

 

 

 

Total accounts payable and accrued liabilities

   $ 7,653       $ 7,453   
  

 

 

    

 

 

 

 

(1) During the six months ended June 30, 2011, we re-evaluated the adequacy of our reserves for legal fees and possible legal settlements and determined that adjustments were necessary to reduce such reserves in the net amount of $0.4 million. The adjustment of this reserve resulted in a reduction of legal expense, a component of general and administrative expense in our consolidated statement of operations.