Other Comprehensive Income

12 Months Ended

Dec. 31, 2011

Other Comprehensive Income [Abstract]

Other Comprehensive Income

G.           Other Comprehensive Income

Other comprehensive income includes the changes in fair value of investments classified as available-for-sale and the changes in fair values of derivatives designated as cash flow hedges.

For the year ended December 31, 2011, total comprehensive income was $445,000, comprised of other comprehensive income, net of tax, of $63,000, plus net income of $382,000.  Other comprehensive income included $5,000 from the unrealized increase in the market value of marketable securities (included in other current assets). The Company terminated the interest rate swap with FNBO, and reclassified a loss of $14,000 from other comprehensive income to earnings for the period ended June 30, 2011.  As of December 31, 2011, accumulated other comprehensive income was approximately $25,000, and was comprised only of the change in the fair value of investments classified as available-for-sale, net of the related tax effect.

For the year ended December 31, 2010, total comprehensive income was $9,501,000, comprised of other comprehensive income of $78,000, plus net income of $9,423,000.  Other comprehensive income included $8,000 from the unrealized increase in the market value of marketable securities (included in other current assets), $107,000 from the change in the fair value of the interest rate swaps and ($37,000) for the tax effect of the changes in comprehensive income.