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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Investment Securities Held to Maturity

There were no investment securities held by the Company at December 31, 2010.

 

(In Thousands)    Amortized
Cost		      Gross
Unrealized
Gains		      Gross
Unrealized
Losses		     Fair Value  

Corporate Bonds

    $ 82,243       $ 15       $ (664 )    $ 81,594   

Perfect Home Bonds

      15,889         —           —          15,889   
  

 

 

     

 

 

     

 

 

    

 

 

  
   $ 98,132       $ 15       $ (664 )    $ 97,483   
  

 

 

     

 

 

     

 

 

    

 

 

  
Amortized Cost and Fair Value of Held to Maturity Securities

The amortized cost and fair value of held to maturity securities at December 31, 2011, by contractual maturity are as follows:

 

(In Thousands)

    Amortized Cost      Fair Value  

Due in one year or less

    $ 60,403       $ 60,093   

Due in years one through two

      37,729         37,390   
  

 

 

     

 

 

  

Ending Balance

    $ 98,132       $ 97,483   
  

 

 

     

 

 

  
Held to Maturity Securities with Gross Unrealized Losses

Information pertaining to held to maturity securities with gross unrealized losses at December 31, 2011 are as follows. All of the securities have been in a continuous loss position for less than 12 months.

 

(In Thousands)

    Fair Value      Gross
Unrealized
Losses		  

Corporate Bonds

    $ 72,315       $ (664 )
Allowance for Doubtful Accounts

The following is a summary of the Company’s allowance for doubtful accounts as of December 31:

 

(In Thousands)

    2011     2010     2009  

Beginning Balance

    $ 4,544      $ 4,157      $ 4,040   

Accounts written off

      (25,178 )      (23,601 )      (20,352 ) 

Bad debt expense

      25,402        23,988        20,469   
  

 

 

    

 

 

    

 

 

  

Ending Balance

    $ 4,768      $ 4,544      $ 4,157   
  

 

 

    

 

 

    

 

 

  
Sales and Lease Ownership
  
Summary of Goodwill

The following is a summary of the Company’s goodwill in its Sales and Lease Ownership segment at December 31:

 

(In Thousands)

    2011     2010  

Beginning Balance

    $ 202,379      $ 194,376   

Additions

      5,468        9,240   

Disposals

      (2,338 )      (1,237 ) 
  

 

 

    

 

 

  

Ending Balance

    $ 205,509      $ 202,379   
  

 

 

    

 

 

  
HomeSmart
  
Summary of Goodwill

The following is a summary of the Company’s goodwill in its HomeSmart segment at December 31:

 

(In Thousands)

    2011  

Beginning Balance

    $ —     

Additions

      13,833   

Disposals

      —     
  

 

 

  

Ending Balance

    $ 13,833