ACCOUNTING FOR GOODWILL

6 Months Ended

Jun. 30, 2012

ACCOUNTING FOR GOODWILL [Abstract]

ACCOUNTING FOR GOODWILL

5.   ACCOUNTING FOR GOODWILL

The Company has designated the last day of its fiscal year as its date for annual impairment testing.  The Company performed an impairment test as of December 31, 2011 and concluded that no impairment of goodwill existed.  No events or circumstances have occurred subsequent to December 31, 2011 that would, in management's opinion, reduce the fair value of the Company's reporting unit below its carrying value.  Such events or circumstances would require the immediate performance of an impairment test in accordance with FASB ASC reference number 350.