LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE

3 Months Ended

Mar. 31, 2012

LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE

2. LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE

Long-term accounts receivable, net, consist of the following:

	As of
	March 31,			December 31,
	2012			2011
	(in thousands)
Customer receivables	$	153,352		$	151,500
Unearned finance income		(17,264	)		(16,727	)
Allowance for contract cancellations		(18,084	)		(17,582	)
		118,004			117,191
Less: current portion, net of allowance		49,370			48,837
Long-term portion, net of allowance	$	68,634		$	68,354

Activity in the allowance for contract cancellations is as follows:

	For the three months ended March 31,
	2012			2011
	(in thousands)
Balance - Beginning of period	$	17,582		$	15,832
Provision for cancellations		4,671			4,250
Charge-offs - net		(4,169	)		(3,580	)
Balance - End of period	$	18,084		$	16,502