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VARIABLE INTEREST ENTITIES | 9 Months Ended
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Sep. 30, 2013
Variable Interest Entity [Abstract] |
VARIABLE INTEREST ENTITIES |
3. | VARIABLE INTEREST ENTITIES
GEM. Prior to the sale of our interest on March 30, 2012, we directed the day-to-day operational activities of GEM which significantly impacted GEM’s economic performance, and therefore, we were the primary beneficiary pursuant to the relevant portions of FASB ASC Topic 810 “Consolidation” [ASC 810-10-25 Recognition of Variable Interest Entities, paragraphs 38-39]. As such, the joint venture was a variable interest entity that was consolidated in our financial statements. An unaudited summary of GEM’s operations follows. (GEM’s revenues and net income were $0 for the three months ended September 30, 2013 and September 30, 2012.): GEM CONDENSED STATEMENT OF INCOME INFORMATION
|  | Nine Months Ended |
|  | September 30, 2013 |  |  | September 30, 2012 |
|  | (in thousands) |
Revenues |  | $ | -- |  |  | $ | 5,340 |
Net income |  |  | -- |  |  |  | 4,362 |

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- Definition The entire disclosure for variable interest entities. + References No definition available. + Details
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