Quarterly report pursuant to Section 13 or 15(d)

Description of Business and Basis of Presentation (Tables)

v2.4.0.6
Description of Business and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule correction on the previously reported Balance Sheet as of December 31, 2011
The adjustment had no effect on the Company's cash flow, and the information included in this Form 10-Q sets forth the effects of this correction on the previously reported Balance Sheet and Income Statement as of December 31, 2011 as follows:
 
 
As Reported
 
Adjustment
 
As Adjusted
 
 
 
 
 
 
 
Balance Sheet:
 
 
 
 
 
 
Deferred tax asset
 
$
63,496

 
$
2,247

 
$
65,743

Total assets
 
367,460

 
2,247

 
369,707

Retained deficit
 
(127,537
)
 
2,247

 
(125,290
)
Total stockholders' equity
 
198,955

 
2,247

 
201,202

Total liabilities and stockholders' equity
 
367,460

 
2,247

 
369,707

 
 
 
 
 
 
 
Income Statement:
 
 
 
 
 
 
Income tax benefit
 
(67,036
)
 
(2,247
)
 
(69,283
)
Net income available to common shares
 
104,149

 
2,247

 
106,396

Net income per common share - Basic
 
2.75

 
0.06

 
2.81

Net income per common share - Diluted
 
2.70

 
0.06

 
2.76