VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2011

VALUATION AND QUALIFYING ACCOUNTS

15 — VALUATION AND QUALIFYING ACCOUNTS

The Company maintains an allowance for losses which is composed of a bad debt allowance and a revenue reserve. Provisions are charged against earnings either as an increase to expense or a reduction in revenues. The following table summarizes activity in the Company’s allowance for the years ended December 31(in thousands):

	Balance at Beginning of Year		Additions Charged to Expense		Additions Charged Against Revenues		Deductions from Reserve			Balance at End of Year
2009:
Allowance for doubtful accounts and returns and allowances	$	7,800	$	2,100	$	6,000	$	(7,800	)	$	8,100
2010:
Allowance for doubtful accounts and returns and allowances	$	8,100	$	800	$	2,000	$	(3,700	)	$	7,200
2011:
Allowance for doubtful accounts and returns and allowances	$	7,200	$	930	$	4,390	$	(5,260	)	$	7,260