OCI

6 Months Ended

Jun. 30, 2011

Other Comprehensive Income (Loss), Net of Tax [Abstract]

14. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The Company's accumulated comprehensive income (loss) consists of net income (loss) and other items recorded directly to the equity accounts.

The following table summarizes the types of other comprehensive income (loss) recorded to the statements of comprehensive income (loss) for the periods indicated:

Accumulated Other Comprehensive Income (Loss)
		Six Months Ended
		June 30,
Category		2011		2010
		(amounts in thousands)

Accumulated other comprehensive income (loss) beginning balance		$	(7,277)	$	(13,432)

Interest Rate Derivatives
	Prior period correction recorded in the current period		5,998		-
	Net gain (loss) on derivatives		3,450		1,735
	Income (taxes) benefit		(1,313)		(635)
	Net gain (loss) on derivatives, net of taxes and before valuation allowance		8,135		1,100
	Valuation allowance - (decrease) increase		-		(635)
	Net gain (loss), net of taxes		8,135		1,735
Accumulated other comprehensive income (loss) ending balance		$	858	$	(11,697)

Accumulated Other Comprehensive Income (Loss)
		Three Months Ended
		June 30,
Category		2011		2010
		(amounts in thousands)

Accumulated other comprehensive income (loss) beginning balance		$	(5,288)	$	(13,409)
Interest Rate Derivatives
	Prior period correction in the current period		5,998		-
	Net gain (loss) on derivatives		1,461		1,712
	Income (taxes) benefit		(617)		(676)
	Net gain (loss) on derivatives, net of taxes and before valuation allowance		6,842		1,036
	Valuation allowance - (decrease) increase		696		(676)
	Net gain (loss), net of taxes		6,146		1,712
Accumulated other comprehensive income (loss) ending balance		$	858	$	(11,697)

Prior Period Correction

Included in the six months and three months ended June 30, 2011 is a prior period correction for the year ended December 31, 2008 of $6.0 million that was made to record an income tax benefit to other comprehensive income (loss) and to increase deferred income tax expense by the same amount. The prior period financial statements were not restated as this correction was considered to be immaterial to our previously reported results of operations and financial position and had no impact on previously reported cash flows from operating, financing or investing activities.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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