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Other Long-Term Liabilities
 12 Months Ended
Dec. 31, 2011
Other Long-Term Liabilities
11. Other Long-Term Liabilities

The Company recognizes freight tax expenses in other expenses in the consolidated statements of (loss) income. The Company does not presently anticipate such uncertain tax positions will significantly increase or decrease in the next 12 months; however, actual developments could differ from those currently expected. The following is a roll-forward of the Company’s freight tax expenses which are recorded in other long-term liabilities, from January 1, 2009 to December 31, 2011:

 

     Year Ended December 31,  
     2011      2010      2009  

Balance at January 1,

      5,073        4,102        2,533  

Freight tax expense

      376        971        1,569  
  

 

 

     

 

 

     

 

 

  

Balance at December 31,

      5,449        5,073        4,102  
  

 

 

     

 

 

     

 

 

  

The remainder of the amounts recorded in other expenses relate to foreign exchange gains and losses.