Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

Note 7 ¾ Comprehensive Income

FASB ASC Topic 220, “Comprehensive Income,” provides standards for reporting and disclosure of comprehensive income and its components. Comprehensive income reflects the changes in equity during a period from transactions related to our interest rate swap arrangements and foreign currency translation adjustments. Comprehensive income was as follows for the periods ended June 30 (dollar amounts in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net loss	$	(2,924	)	$	(3,145	)	$	(3,832	)	$	(5,647	)
Other comprehensive income:
Foreign currency translation adjustment		11			(546	)		465			50
Changes due to cash flow hedging:
Amortization of unrealized loss on interest rate swaps		4,480			-			4,928			-
Change in fair value on interest rate swaps		-			5,808			3,914			8,904
Other comprehensive income		4,491			5,262			9,307			8,954
Total comprehensive income	$	1,567		$	2,117		$	5,475		$	3,307

Components of accumulated other comprehensive income (loss), as shown on our Consolidated Balance Sheets, were as follows (dollar amounts in thousands):

	June 30,		December 31,
	2011		2010
Unrealized loss on interest rate swap agreements	$	-	$	(8,842	)
Foreign currency translation adjustment		3,641		3,176
Accumulated other comprehensive income (loss)	$	3,641	$	(5,666	)