INCOME TAXES (Tables)

9 Months Ended

Sep. 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 September 30, 2012 and December 31, 2011 is as follows:

	September 30, 2012			December 31, 2011
	(dollars expressed in thousands)
Gross deferred tax assets	$	407,175		412,155
Valuation allowance	(380,208		)	(393,034	)
Deferred tax assets, net of valuation allowance	26,967			19,121
Deferred tax liabilities	34,107			26,261
Net deferred tax liabilities	$	(7,140	)	(7,140	)