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Income Taxes
6 Months Ended
Jun. 30, 2011
Income Taxes [Abstract] 
Income Taxes
9.
Income Taxes

The Company periodically reviews its tax positions under the relevant accounting guidance for income taxes, based upon the criteria that individual tax positions would have to meet for some or all of the income tax benefit to be recognized in a taxable entity's financial statements. Under the guidelines, an entity should recognize the financial statement benefit of a tax position if it determines that it is more likely than not that the position will be sustained on examination. The term, “more likely than not”, means a likelihood of more than 50 percent. In assessing whether the more-likely-than-not criterion is met, the entity should assume that the tax position will be reviewed by the applicable taxing authority and all available information is known to the taxing authority.

The Company and its subsidiary file income tax returns in the U.S federal jurisdiction, and several states within the U.S. There are no filings in foreign jurisdictions. The Company is not currently aware of any tax jurisdictions where the Company or any subsidiary is subject to examination by federal, state, or local taxing authorities before 2001. The Internal Revenue Service (IRS) has not examined the Company's or any subsidiaries federal tax returns since before 2001. The Company currently is subject to a limited scope audit by the IRS during the third quarter of 2011 related to the Company's amendment of its 2009 federal tax return to utilize the five-year carry-back provisions allowed for losses realized during the 2009 tax year.

The Company reviewed its REIT tax position as of June 30, 2011. There have been no changes to the Company's tax position with regard to the REIT during the three and six months ended June 30, 2011. The Company had approximately $805,000 and $762,000 accrued for the payment of interest and penalties at June 30, 2011 and December 31, 2010, respectively. It is the Company's policy to recognize interest expense related to unrecognized tax benefits, and penalties, as a component of tax expense. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in 000's):
 
Balance  at January 1, 2011
 $1,669 
Additions for tax provisions of prior years
  43 
Balance at June 30, 2011
 $1,712