Derivative Instruments

6 Months Ended

Jun. 30, 2011

Derivative Instruments [Abstract]

DERIVATIVE INSTRUMENTS

9. DERIVATIVE INSTRUMENTS

Derivative Liabilities

The Company evaluates all of its financial instruments to determine if such instruments are derivatives, derivatives that qualify for the normal purchase normal sale exception, or contain features that qualify as embedded derivatives. All derivative financial instruments, except for derivatives that qualify for the normal purchase normal sale exception, are recognized on the balance sheet at fair value. Changes in fair value are recognized in earnings if they are not eligible for hedge accounting or in other comprehensive income if they qualify for cash flow hedge accounting.

The Company’s convertible notes were retired on February 4, 2011.

The fair value of outstanding derivative instruments not designated as hedging instruments on the accompanying Consolidated Balance Sheet are as follows:

	Balance Sheet	June 30,		December 31,
Derivative Instruments	Location	2011		2010
		(In thousands)
Convertible debt — conversion feature	Other liabilities	$	—	$	3,588

The effect of derivative instruments not designated as hedging instruments on the accompanying Consolidated Statements of Operations are as follows:

		Three Months Ended				Six Months Ended
	Statement of	June 30,				June 30,
Derivative Instruments	Operations Location	2011		2010		2011			2010
		(In thousands)
Convertible debt — conversion feature	Other income (loss)	$	—	$	4,623	$	(3,079	)	$	102
Warrant	Other income (loss)		—		24		—			30