Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

The disclosures for the 2010 period provided in the table below reflect the results of operations of PVG through the date of the disposition of our entire remaining interest in PVG on June 7, 2010.

	Year Ended December 31,
	2011		2010			2009
Revenues	$	-	$	303,206		$	579,931

Income from discontinued operations before taxes	$	-	$	36,832		$	64,130
Income tax expense ¹		-		(3,384	)		(10,642	)
Income from discontinued operations, net of taxes	$	-	$	33,448		$	53,488

¹ Determined by applying the effective tax rate attributable to discontinued operations to the income from discontinued operations less noncontrolling interests that are fully attributable to PVG's operations.

Determination of Gain Recognized Upon Disposition of PVG

The following table summarizes the determination of the gain recognized in 2010 upon the disposition of PVG:

Cash proceeds, net of offering costs (8,827,429 units x $15.76 per unit)	$	139,120
Carrying value of noncontrolling interests in PVG at date of disposition		382,324
		521,444
Less: Carrying value of PVG's assets and liabilities at date of disposition		(434,782	)
		86,662
Income tax expense		(35,116	)
Gain on sale of discontinued operations, net of tax	$	51,546

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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