Impairment Charge

12 Months Ended

Dec. 31, 2011

Impairment Charge [Abstract]

Impairment Charge

Note O — Impairment Charge

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

		Year Ended December 31,
		2011			2010
Loan write-down………………………………………..			$	2,569		$	2,059
Fixed asset disposal……………………………………..				1,172			11,753
Other…………………………………………………….				3,579			5,127
	Total …………………………………………………		$	7,320		$	18,939

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 as a result of the discontinuation of our financial services business. During the first quarter of 2011, we recorded a pre-tax impairment charge of approximately $7.3 million related to additional loan write-downs, fixed asset disposals (store reconstruction), and other miscellaneous items.  The impairment charges were 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.