Schedule II - Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2011

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

The following table includes the activity in the Company’s valuation and qualifying accounts for the fiscal year ended December 31, 2011, the nine-month transition period ended December 31, 2010 and the fiscal year ended March 31, 2010:

	Beginning							Ending
	Balance		Additions		Deductions			Balance
	(in thousands)
Fiscal year ended December 31, 2011:
Allowance for doubtful accounts(1)(2)	$	-	$	80	$	-		$	80
Valuation allowance for deferred tax assets	$	70,449	$	-	$	(941	)	$	69,508
Transition Period ended December 31, 2010:
Allowance for doubtful accounts(2)	$	34	$	-	$	(34	)	$	-
Sales reserves(2)	$	668	$	270	$	(938	)	$	-
Allowances(2)	$	941	$	703	$	(1,644	)	$	-
Valuation allowance for deferred tax assets	$	81,218	$	-	$	(10,769	)	$	70,449
Fiscal year ended March 31, 2010:
Allowance for doubtful accounts(2)	$	46	$	-	$	(12	)	$	34
Sales reserves(2)	$	823	$	2,120	$	(2,275	)	$	668
Allowances(2)	$	923	$	3,968	$	(3,950	)	$	941
Valuation allowance for deferred tax assets	$	75,948	$	5,270	$	-		$	81,218

(1) Amount relates to accounts receivables from our Oilfield Servicing segment.

(2) Amounts are included in “Accounts receivable” in the Consolidated Balance Sheets. All other schedules are omitted because they are not applicable or the amounts are immaterial or the required information is presented in the Consolidated Financial Statements and Notes thereto.