INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 and December 31, 2012 is as follows:

	June 30, 2013			December 31, 2012
	(dollars expressed in thousands)
Gross deferred tax assets	$	407,156		405,266
Valuation allowance	(390,835		)	(376,224	)
Deferred tax assets, net of valuation allowance	16,321			29,042
Deferred tax liabilities	23,754			36,182
Net deferred tax liabilities	$	(7,433	)	(7,140	)