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Gain on Claims from Oil Spill
9 Months Ended
Sep. 30, 2012
Gain on Claims from Oil Spill

13. Gain on Claims from Oil Spill

The Company has filed lawsuits and claims seeking the recovery of damages against parties that it believes are responsible for the 2010 Deepwater Horizon oil spill, which the U.S. Coast Guard termed the “largest oil spill in U.S. history” causing “significant environmental damage to the Gulf of Mexico.” The Company received payments of $1.7 million in the second quarter of 2012, and recorded these payments received as gains in “Other, net” on its consolidated statements of operations for the nine months ended September 30, 2012.