Equity Investment In Unconsolidated Subsidiary

3 Months Ended

Mar. 31, 2012

Equity Investment In Unconsolidated Subsidiary [Abstract]

Equity Investment In Unconsolidated Subsidiary

2.EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

Following is the summarized financial information of CPL as of March 31, 2012 and December 31, 2011 and for the three months ended March 31, 2012 and 2011:

Amounts in thousands (in USD):	March 31, 2012	December 31, 2011
Balance Sheet:
Current assets	$3,726	$4,061
Noncurrent assets	$12,076	$9,523
Current liabilities	$6,425	$4,393
Noncurrent liabilities	$2,204	$3,230

	For the three monthsended March 31,
	2012	2011
Operating Results
Net operating revenue	$10,445	$11,537
Net earnings	$464	$275

The Company’s maximum exposure to losses at March 31, 2012 was $3.2 million, the value of its equity investment in CPL.

Changes in the carrying amount of the investment in CPL during the three months ended March 31, 2012 are as follows:

Amounts in thousands (in USD)	Total
Balance – January 1, 2012	$2,756
Equity earnings	155
Effect of foreign currency translation	271
Balance – March 31, 2012	$3,182