Impairment Charge

6 Months Ended

Jun. 30, 2011

Impairment Charge [Abstract]

Impairment Charge

6. Impairment Charge.

Our impairment charge consists of the following (in thousands):

		Six months ended
		June 30, 2011
Loan write-down…………………………………………………………………….			$	2,569
Fixed asset disposal………………………………………………………………….				1,172
Other…………………………………………………………………………………				3,579
	Total …………………………………………………………………………….		$	7,320

During the six months ended June 30, 2011, we recorded a pre-tax impairment charge of approximately $7.3 million related to the discontinuation of our financial services business that was announced on October 25, 2010, all of which was recorded in the first quarter of 2011.  The charge in the first quarter of 2011 primarily related to additional loan write-downs, fixed asset disposals (store reconstruction), and other miscellaneous items.  During the fourth quarter of 2010, we recorded a pre-tax impairment charge of $18.9 million, which primarily related to fixed asset disposals, goodwill impairment, loan write-downs, and other miscellaneous items. The impairment charge was based on the amount that the carrying value exceeded the estimated fair value of the assets.  The fair value was based on our historical experience with store acquisitions and divestitures, which are Level 3 inputs.