Accounting For Uncertainty In Income Taxes

9 Months Ended

Sep. 30, 2011

Accounting For Uncertainty In Income Taxes [Abstract]

Accounting For Uncertainty In Income Taxes

(3)Accounting for Uncertainty in Income Taxes

As of September 30, 2011 and December 31, 2010, the Company's liability for gross unrecognized tax benefits totaled $294,000 and $360,000, respectively (excluding interest and penalties). Total accrued interest and penalties relating to unrecognized tax benefits amounted to $17,000 and $43,000 on a gross basis at September 30, 2011 and December 31, 2010, respectively. During the third quarter of 2011, the Company reduced reserves established in prior years for unrecognized tax benefits amounting to approximately $90,000 as a result of the expiration of the statute of limitations and an Internal Revenue Service audit validating the amounts of prior credits and deductions claimed. The Company does not currently expect significant changes in the amount of unrecognized tax benefits during the next twelve months.