INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

A summary of the Company’s deferred tax assets and deferred tax liabilities at June 30, 2012 and December 31, 2011 is as follows:

	June 30,			December 31,
	2012			2011
	(dollars expressed in thousands)
Gross deferred tax assets	$	410,513		412,155
Valuation allowance		(390,138	)	(393,034	)
Deferred tax assets, net of valuation allowance		20,375		19,121
Deferred tax liabilities		27,515		26,261
Net deferred tax liabilities	$	(7,140	)	(7,140	)

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