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Income Taxes
9 Months Ended
Sep. 30, 2012
Income Taxes [Abstract]  
Income Tax Disclosure [Text Block]
Income Taxes
During the three months ended September 30, 2012, the Company recognized a tax benefit of $373 as a result of the release of a significant portion of the valuation allowance in the U.S. The Company continues to maintain a valuation allowance on certain U.S. federal and state deferred tax assets, including deferred interest deductions of $23 and a portion of its state net operating loss carryforwards of $40. In the opinion of management, it is more likely than not that these deferred tax assets will not be realized.
The deferred interest deductions, which have an unlimited carryover, have significant restrictions on their utilization. The Company maintains a valuation allowance against these tax attributes because it is more likely than not that these tax attributes will not be realized.
The Company considered all available evidence, both positive and negative, in assessing the need for a valuation allowance. The Company evaluated the need to maintain a valuation allowance for deferred tax assets based on management's assessment of whether it is more likely than not that deferred tax benefits would be realized through the generation of future taxable income. The reversal of the U.S. valuation allowance was the result of a continuing trend of significant U.S. taxable income starting in tax year 2009, and the expectation that this trend will continue, due to improvements in the U.S. business and the positive impact of the Company's cost reduction efforts.