DEBT (Tables)

12 Months Ended

Dec. 31, 2011

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following is a detail of the Company’s debt at December 31, 2011 and 2010 (in thousands):

	2011		2010
Construction Financing Debt:
5% fixed payments due from 2013 - 2018	$	46,000
Swiss Debt:
4.4% fixed due in 2011			$	4,821
3.7% fixed due in 2014	13,309		13,392
3.8% fixed due in 2014	3,194		3,214
Mortgage Debt:
4% to 4.5% fixed payment due from 2011 - 2012	8,721		8,849
5% fixed payments due from 2014 - 2016	5,276
6% to 6.5% fixed payments due from 2010 - 2036	10,432		4,982
8% fixed payments due from 2010 - 2013	893		1,291
10% fixed payments due from 2012 - 2013	5,606		7,590
12% fixed payments due from 2011			1,604
	$	93,431	$	45,743

Schedule of Maturities of Long-term Debt

The Company’s future minimum principal debt repayments for the years ending December 31 are as follows (in thousands):

Year
2012	$	8,897
2013	17,586
2014	29,362
2015	5,979
2016	5,979
Thereafter	25,628
Total	$	93,431

The Company capitalized $2.1 million and $670,000 of interest in 2011 and 2010, respectively, related to construction and real estate development costs.