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Income Tax
3 Months Ended
Mar. 31, 2012
income tax disclosure [Abstract]  
Income Tax

(9) Income Tax

 

The Company has recorded a deferred tax asset in the amount of $20.5 million relating to the difference between its book and tax basis of its investment in the Partnership as of March 31, 2012 and December 31, 2011. Because the Company can only realize this deferred tax asset upon the liquidation of the Partnership and to the extent of capital gains, the Company has provided a full valuation allowance against this deferred tax asset. The income tax provision for the three months ended March 31, 2012 reflects a tax benefit of $0.1 million for the current period loss. Unrecognized tax benefits increased $0.2 million during the three months ended March 31, 2012, and the increase, if recognized, would affect the effective tax rate.