XML 37 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.6

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2011
LEASES [Abstract] |
LEASES | (16) LEASES The Company has various operating leases primarily for equipment, delivery centers and office space, which generally contain renewal options. Rent expense under operating leases was approximately $30.0 million, $30.2 million and $29.7 million for the years ended December 31, 2011, 2010 and 2009, respectively. In 2008, the Company sub-leased one of its delivery centers to a third party for the remaining term of the original lease. The sub-lease beg an on January 1, 2009 and rental income received over the term of the lease will be recognized on a straight-line basis. Future minimum sub-lease rental receipts are shown in the table below. The future minimum rental payments and receipts required under non-cancelable operating leases as of December 31, 2011 are as follows (amounts in thousands):
|  |  |  |  | Operating Leases |  |  | Sub-Lease Income
2012 |  |  | $ | 24,731 |  | $ | 1,823
2013 |  |  |  | 20,897 |  |  | 1,823
2014 |  |  |  | 14,339 |  |  | 1,823
2015 |  |  |  | 6,473 |  |  | 2,234
2016 |  |  |  | 4,059 |  |  | 2,234
Thereafter |  |  |  | 5,729 |  |  | 9,849
| Total |  |  | $ | 76,228 |  | $ | 19,786
In addition, the Company records operating lease expense on a straight-line basis over the life of the lease as described in Note 1. The deferred lease liability as of December 31, 2011 and 2010 was $6.7 million and $10.4 million, respectively. The future minimum rental payments for capital leases as of December 31, 2011 are as follows (amounts in thousands) and the current portion and the long-term portion of the obligation are included in the Other current liabilities in the accompanying Consolidated Balance Sheets:
|  |  | Capital Leases
Future rental payments | $ | 366
Less amount representing interest |  | (11)
| Present value of minimum lease payments |  | 355
Less current portion |  | (355)
| Long-term portion | $ | -
The Company has two delivery centers classified as capital leases at December 31, 2011. The amounts applicable to these leases included in property, plant and equipment are as follows (amounts in thousands):
|  | December 31,
| 2011 |  | 2010
Historical cost | $ | 12,181 |  | $ | 12,181
Less: Accumulated depreciation |  | (12,181) |  |  | (11,871)
| $ | - |  | $ | 310
Asset Retirement Obligations The Company records asset retirement obligations for its delivery center leases. Capitalized costs related to asset retirement obl igations are included in Other l ong-t erm a ssets i n the accompanying Consolidated Balance S heet s while the asset retirement obligation (“ARO”) liability is included in Other l ong-t erm l iabilities i n the accompanying Consolidated Balance Sheet s. Following is a summary of the amounts recorded (amounts in thousands):
|  |  | Balance at December 31, 2010 |  |  | Additions and Modifications |  |  | Accretion |  |  | Settlements |  |  | Balance at December 31, 2011
ARO liability at inception |  | $ | 1,645 |  | $ | 278 |  | $ | - |  | $ | (512) |  | $ | 1,411
Accumulated accretion |  |  | 655 |  |  | 9 |  |  | 23 |  |  | (16) |  |  | 671
|  | $ | 2,300 |  | $ | 287 |  | $ | 23 |  | $ | (528) |  | $ | 2,082
|  |  | Balance at December 31, 2009 |  |  | Additions and Modifications |  |  | Accretion |  |  | Settlements |  |  | Balance at December 31, 2010
ARO liability at inception |  | $ | 1,798 |  | $ | 406 |  | $ | - |  | $ | (559) |  | $ | 1,645
Accumulated accretion |  |  | 805 |  |  | - |  |  | 82 |  |  | (232) |  |  | 655
|  | $ | 2,603 |  | $ | 406 |  | $ | 82 |  | $ | (791) |  | $ | 2,300
Increases to ARO result from a new lease agreement or modifications on an ARO from a preexisting lease agreement. Modifications to ARO liabilities and accumulated accretion occur when lease agreements are amended or when assumptions change, such as the rate of inflation. Modifications are accounted for prospectively as changes in estimates. Settlements occur when leased premises are vacated and the actual cost of restoration is paid. Differences between the actual costs of restoration and the balance recorded as ARO liabilities are recognized as gains or losses in the accompanying Consolidated Statements of Operations and Comprehensive Income.

X
- Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=6584154&loc=d3e38371-112697 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12069-110248 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 16 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration