OTHER COMPREHENSIVE INCOME

6 Months Ended

Sep. 30, 2011

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

NOTE 16 - OTHER COMPREHENSIVE INCOME

Comprehensive income (loss) consists of reported net income and other comprehensive income (loss), which reflects gains and losses that U.S. GAAP excludes from net income.  For the Company, the items excluded from reported net income were fair value adjustments on interest rate swaps of $246,536 (net of tax $166,215) and foreign currency translations adjustments of $18,606.  There were no amounts reclassified into earnings during the periods presented.  Comprehensive income (loss) for the three and six months ended September 30, 2011 and 2010 includes the following components:

	Three months endedSeptember 30,					Six months endedSeptember 30,
	2011			2010		2011			2010
Net income (loss)	$	(88,098	)	$	855,628	$	293,363		$	1,674,950
Other comprehensive income (loss):
Currency translation adjustment	$	14,348		—		18,184			—
Interest rate swaps	(124,553		)	—		(252,019		)	—
Total other comprehensive income (loss)	$	(110,205	)	$	—	$	(233,835	)	$	—
Consolidated comprehensive income (loss), net of tax	$	(198,303	)	$	855,628	$	59,528		$	1,674,950

Accumulated other comprehensive (loss) income, net of tax of $3,696 and $166,215 as of March 31, 2011 and September 30, 2011 is as follows:

				Translation		Interest Rate
	Totals			Adjustments		Swaps
Balance at March 31, 2011	$	5,905		$	422	$	5,483
Change during the period	(233,835		)	18,184		(252,019		)
Outstanding at September 30, 2011	$	(227,930	)	$	18,606	$	(246,536	)