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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">2</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">SIGNIFICANT ACCOUNTING POLICIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Principles Of Consolidation</font><font style="font-family:Times New Roman;font-size:10pt;"> – The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are 100% owned</font><font style="font-family:Times New Roman;font-size:10pt;"> by the Company</font><font style="font-family:Times New Roman;font-size:10pt;">. All </font><font style="font-family:Times New Roman;font-size:10pt;">intercompany</font><font style="font-family:Times New Roman;font-size:10pt;"> transactions and balances have been eliminated in consolidation. The Company also considers the applicability </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">any variable interest entities </font><font style="font-family:Times New Roman;font-size:10pt;">(“VIE”) </font><font style="font-family:Times New Roman;font-size:10pt;">that are required to be consolidated by the primary beneficiary. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">From time to time, the Company </font><font style="font-family:Times New Roman;font-size:10pt;">may enter </font><font style="font-family:Times New Roman;font-size:10pt;">into</font><font style="font-family:Times New Roman;font-size:10pt;"> a </font><font style="font-family:Times New Roman;font-size:10pt;">time brokerage agree</font><font style="font-family:Times New Roman;font-size:10pt;">ment</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(“TBA”) </font><font style="font-family:Times New Roman;font-size:10pt;">in connection with </font><font style="font-family:Times New Roman;font-size:10pt;">a </font><font style="font-family:Times New Roman;font-size:10pt;">pending acquisition or disposition of radio station</font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> and the requirements </font><font style="font-family:Times New Roman;font-size:10pt;">to consolidate a VIE</font><font style="font-family:Times New Roman;font-size:10pt;"> may apply, depending on the facts and circumstances related to each transaction. </font><font style="font-family:Times New Roman;font-size:10pt;"> As of December 31, 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the consolidation requirements as a VIE (see Note 19, </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">ontingencies</font><font style="font-family:Times New Roman;font-size:10pt;">, G</font><font style="font-family:Times New Roman;font-size:10pt;">uarantor</font><font style="font-family:Times New Roman;font-size:10pt;"> A</font><font style="font-family:Times New Roman;font-size:10pt;">rrangements</font><font style="font-family:Times New Roman;font-size:10pt;"> A</font><font style="font-family:Times New Roman;font-size:10pt;">nd</font><font style="font-family:Times New Roman;font-size:10pt;"> C</font><font style="font-family:Times New Roman;font-size:10pt;">ommitments</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> did not apply as there </font><font style="font-family:Times New Roman;font-size:10pt;">were no pending transactions</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Reportable Segment - </font><font style="font-family:Times New Roman;font-size:10pt;">The Company operates under one reportable business segment, radio broadcasting, for which segment disclosure is consistent with the management decision-making process that determines the allocation of resources and the measuring of performance.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Radio stations serving the same geographic area, which may be comprised of a city or combination of cities, are referred to as markets or as distinct operating segments. The Company </font><font style="font-family:Times New Roman;font-size:10pt;">has 23</font><font style="font-family:Times New Roman;font-size:10pt;"> operating</font><font style="font-family:Times New Roman;font-size:10pt;"> segments. These operating segments are aggregated to create one reportable segment</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Management's Use Of Estimates</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">– The preparation of consolidated financial statements </font><font style="font-family:Times New Roman;font-size:10pt;">in conformity with </font><font style="font-family:Times New Roman;font-size:10pt;">accounting principles generally accepted in the United States of America, </font><font style="font-family:Times New Roman;font-size:10pt;">requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities, as of the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to: (1) asset impairments, including broadcasting licenses and goodwill; (2) income tax valuation allowances; (3) uncertain tax positions; (4) allowance for doubtful accounts; (5) self-insurance reserves; (6) fair value of equity awards; (7) estimated lives for tangible and intangible assets; </font><font style="font-family:Times New Roman;font-size:10pt;">(8) fair value measurements for financial instruments such as interest rate hedging transactions; </font><font style="font-family:Times New Roman;font-size:10pt;">and (</font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;">) contingency and litigation reserves. The Company's accounting estimates require the use of judgment as future events and the effect of these events cannot be predicted with certainty. The accounting estimates will change as new events occur, as more experience is acquired and as more information is obtained. The Company will evaluate and update assumptions and estimates on an ongoing basis and may use outside experts to assist in the Company's evaluation, as considered necessary. Actual results could differ from those estimates. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Income Taxes</font><font style="font-family:Times New Roman;font-size:10pt;"> – The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> applies</font><font style="font-family:Times New Roman;font-size:10pt;"> the liability method of accounting for deferred income taxes. Deferred income taxes are recognized for all temporary differences between the tax and financial reporting bases of the Company's assets and liabilities based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recorded for a net deferred tax asset balance when it is more likely than not that the benefits of the tax asset will not be realized. The Company </font><font style="font-family:Times New Roman;font-size:10pt;">reviews on a continuing basis</font><font style="font-family:Times New Roman;font-size:10pt;"> the need for </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;"> deferred tax asset valuation allowance in the jurisdictions in which it operates. Any adjustment to the deferred tax asset valuation allowance </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> recorded in the income statement </font><font style="font-family:Times New Roman;font-size:10pt;">in</font><font style="font-family:Times New Roman;font-size:10pt;"> the period that </font><font style="font-family:Times New Roman;font-size:10pt;">such </font><font style="font-family:Times New Roman;font-size:10pt;">an</font><font style="font-family:Times New Roman;font-size:10pt;"> adjustment is required. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The Company applies the guidance for income taxes and intraperiod allocation to the recognition of uncertain tax positions. This guidance clarifies</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the recognition</font><font style="font-family:Times New Roman;font-size:10pt;">, de-recognition and measurement in financial statements of income tax positions taken in previously filed tax returns or tax positions expected to be taken in tax returns, including a decision whether to file or not to file in a particular jurisdiction. </font><font style="font-family:Times New Roman;font-size:10pt;">The guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> requires that any liability created for unrecognized tax benefits is disclosed. The application of </font><font style="font-family:Times New Roman;font-size:10pt;">this guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> may also affect the tax bases of assets and liabilities and therefore may change or create deferred tax liabilities or assets. </font><font style="font-family:Times New Roman;font-size:10pt;"> This guidance also</font><font style="font-family:Arial Unicode MS;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">clarifies the method to allocate income taxes (benefit) to the different components of income (loss)</font><font style="font-family:Times New Roman;font-size:10pt;">, such as: (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">income (loss) from </font><font style="font-family:Times New Roman;font-size:10pt;">continuing operations</font><font style="font-family:Times New Roman;font-size:10pt;">; (2)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">income (loss) from </font><font style="font-family:Times New Roman;font-size:10pt;">discontinued operations</font><font style="font-family:Times New Roman;font-size:10pt;">; (3)</font><font style="font-family:Times New Roman;font-size:10pt;"> extraordinary items</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(4) </font><font style="font-family:Times New Roman;font-size:10pt;">other comprehensive income</font><font style="font-family:Times New Roman;font-size:10pt;"> (loss);</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(5) </font><font style="font-family:Times New Roman;font-size:10pt;">the cumulative effects of accounting changes</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">(6) </font><font style="font-family:Times New Roman;font-size:10pt;">other charges or credits recorded directly to shareholders' equity. </font><font style="font-family:Times New Roman;font-size:10pt;">See Note 13 for a further discussion</font><font style="font-family:Times New Roman;font-size:10pt;"> of income taxes</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Property And Equipment –</font><font style="font-family:Arial Unicode MS;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Property and equipment are carried at cost. Major additions or improvements are capitalized, while repairs and maintenance are charged to expense when incurred. Upon sale or retirement, the related cost and accumulated depreciation are removed from the accounts, and any gain or loss is recognized in the statement of operations. </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he Company reviews </font><font style="font-family:Times New Roman;font-size:10pt;">on a continuing basis </font><font style="font-family:Times New Roman;font-size:10pt;">the carrying value of property and equipment</font><font style="font-family:Times New Roman;font-size:10pt;">. I</font><font style="font-family:Times New Roman;font-size:10pt;">f events or changes in circumstances were to indicate that an asset's carry</font><font style="font-family:Times New Roman;font-size:10pt;">ing value is not recoverable, a write-down </font><font style="font-family:Times New Roman;font-size:10pt;">of the asset would be recorded through a charge to operations. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Depreciation </font><font style="font-family:Times New Roman;font-size:10pt;">expense </font><font style="font-family:Times New Roman;font-size:10pt;">on property and equipment is determined on a straight-line basis. The estimated useful lives for depreciation are as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 255px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:255px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Property Type</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="3" style="width: 224px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:224px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Depreciation Period In Years</font></td></tr><tr style="height: 17px"><td style="width: 255px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Land Improvements</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10</font></td><td style="width: 24px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">To</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">15</font></td></tr><tr style="height: 17px"><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Building</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">20</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 17px"><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Equipment</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">3</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">To</font></td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">20</font></td></tr><tr style="height: 17px"><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Furniture and fixtures</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">To</font></td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10</font></td></tr><tr style="height: 17px"><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Leasehold improvements</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="3" style="width: 224px; text-align:center;border-color:#000000;min-width:224px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">shorter of economic life or lease term</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">D</font><font style="font-family:Times New Roman;font-size:10pt;">epreciation expense for property and equipment </font><font style="font-family:Times New Roman;font-size:10pt;">is reflected in the following table</font><font style="font-family:Times New Roman;font-size:10pt;"> for the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Property And Equipment</font></td></tr><tr style="height: 17px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31,</font></td></tr><tr style="height: 17px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 18px"><td style="width: 275px; text-align:left;border-color:#000000;min-width:275px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Depreciation expense</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 10,325</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 11,363</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 15,060</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">A</font><font style="font-family:Times New Roman;font-size:10pt;">s of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> construction commitments outstanding</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">2.0</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">million.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he following is a summary of the categories of property and equipment</font><font style="font-family:Times New Roman;font-size:10pt;"> as of the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="5" style="width: 191px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:191px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Property And Equipment</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="5" style="width: 191px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:191px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="5" style="width: 191px; text-align:center;border-color:#000000;min-width:191px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Land, land easements and land improvements</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 16,617</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 16,499</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Buildings</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 21,547</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 20,937</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Equipment</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 122,651</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 122,932</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Furniture and fixtures</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 15,152</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 14,930</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Leasehold improvements</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 21,361</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 21,126</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 197,328</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 196,424</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Accumulated depreciation</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (140,908)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (134,623)</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 56,420</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 61,801</font></td></tr><tr style="height: 17px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Capital improvements in progress</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,973</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 928</font></td></tr><tr style="height: 18px"><td style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net property and equipment</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 58,393</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 62,729</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Revenue Recognition</font><font style="font-family:Times New Roman;font-size:10pt;"> – Revenue from the sale of commercial broadcast time to advertisers is recognized when the commercials are broadcast. Revenues presented in the financial statements are reflected on a net basis, after the deduction of advertising agency fees by the advertising agencies, usually at a rate of 15% of gross revenues. Promotional fees are recognized as services are rendered. </font><font style="font-family:Times New Roman;font-size:10pt;"> Advertiser payments received in advance of when the commercials are broadcast are recorded as </font><font style="font-family:Times New Roman;font-size:10pt;">unearned</font><font style="font-family:Times New Roman;font-size:10pt;"> revenue. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company also derives revenues through </font><font style="font-family:Times New Roman;font-size:10pt;">e</font><font style="font-family:Times New Roman;font-size:10pt;">-commerce </font><font style="font-family:Times New Roman;font-size:10pt;">by selling </font><font style="font-family:Times New Roman;font-size:10pt;">discount certificates for </font><font style="font-family:Times New Roman;font-size:10pt;">advertiser goods and services directly to the Company's listeners through the </font><font style="font-family:Times New Roman;font-size:10pt;">use of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company's station websites. In this business model, the Company shares a portion of the </font><font style="font-family:Times New Roman;font-size:10pt;">e-commerce sales </font><font style="font-family:Times New Roman;font-size:10pt;">with the advertiser</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company reports these revenues on a net basis after deducting the portion of the sales that were shared with the advertiser.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table presents the amounts of unearned revenues </font><font style="font-family:Times New Roman;font-size:10pt;">as of</font><font style="font-family:Times New Roman;font-size:10pt;"> the periods indicated:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="5" style="width: 158px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Unearned Revenues</font></td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="5" style="width: 158px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:284px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance Sheet Location</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="5" style="width: 158px; text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Current</font></td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accrued compensation and other current liabilities</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 147</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 216</font></td></tr><tr style="height: 17px"><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term</font></td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 284px; text-align:left;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Other long-term liabilities</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Concentration Of Credit Risk</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">– The Company's revenues and accounts receivable relate primarily to the sale of advertising within its radio stations' broadcast areas. Credit is extended based on an evaluation of the customers' financial condition and, generally, collateral is not required. Credit losses are provided for in the financial statements and consistently have been within management's expectations. The Company also maintains deposit accounts with financial institutions. At times, such deposits may exceed FDIC insurance limits. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Long-Lived Assets</font><font style="font-family:Times New Roman;font-size:10pt;"> – The Company evaluates the recoverability of its long-lived assets, which include property and equipment, broadcasting licenses (subject to an eight-year renewal cycle, goodwill, deferred charges, and other assets. See</font><font style="font-family:Times New Roman;font-size:10pt;"> Note 4</font><font style="font-family:Times New Roman;font-size:10pt;"> for further discussion</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The determination and measurement of an impairment loss require the use of significant judgments and estimates. Future events may impact these judgments and estimates. The expense to renew the Company's FCC licenses is nominal.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Debt Issuance Costs</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">And Original Issue Discount </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">– </font><font style="font-family:Times New Roman;font-size:10pt;">The costs related to the issuance of debt are capitalized and </font><font style="font-family:Times New Roman;font-size:10pt;">amortized over the lives of the related debt and such amortization is </font><font style="font-family:Times New Roman;font-size:10pt;">accounted for as interest expense</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Please refer to Note 7</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for the amount of deferred financing expense </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">original issue discount </font><font style="font-family:Times New Roman;font-size:10pt;">that was included in interest expense in the accompanying consolidated statements of operations. </font><font style="font-family:Times New Roman;font-size:10pt;">In connection with the Company's debt</font><font style="font-family:Times New Roman;font-size:10pt;">: (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> in</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">November</font><font style="font-family:Times New Roman;font-size:10pt;"> 2011</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company </font><font style="font-family:Times New Roman;font-size:10pt;">recorded deferred </font><font style="font-family:Times New Roman;font-size:10pt;">debt issuance costs</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">original issue discount in connection with </font><font style="font-family:Times New Roman;font-size:10pt;">its </font><font style="font-family:Times New Roman;font-size:10pt;">debt </font><font style="font-family:Times New Roman;font-size:10pt;">refinancing</font><font style="font-family:Times New Roman;font-size:10pt;"> (debt modification for its </font><font style="font-family:Times New Roman;font-size:10pt;">revolving credit facility)</font><font style="font-family:Times New Roman;font-size:10pt;">; and (2) in March 2010, the Company recorded deferred debt issuance costs in connection with a debt modification</font><font style="font-family:Times New Roman;font-size:10pt;">. S</font><font style="font-family:Times New Roman;font-size:10pt;">ee Note 7</font><font style="font-family:Times New Roman;font-size:10pt;"> for further discussion</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Extinguishment Of Debt</font><font style="font-family:Times New Roman;font-size:10pt;"> –The Company may amend, append or replace, in part or in full, its outstanding debt. The Company reviews its unamortized financing costs associated with its outstanding debt to determine the amount subject to extinguishment under the accounting provisions for </font><font style="font-family:Times New Roman;font-size:10pt;">an exchange of debt instruments with substantially different terms or </font><font style="font-family:Times New Roman;font-size:10pt;">changes in </font><font style="font-family:Times New Roman;font-size:10pt;">a </font><font style="font-family:Times New Roman;font-size:10pt;">line-of-credit or revolving-debt arrangement. </font><font style="font-family:Times New Roman;font-size:10pt;">In connection with the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">November</font><font style="font-family:Times New Roman;font-size:10pt;"> 2011 </font><font style="font-family:Times New Roman;font-size:10pt;">debt refinancing and </font><font style="font-family:Times New Roman;font-size:10pt;">March</font><font style="font-family:Times New Roman;font-size:10pt;"> 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> debt modification</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company </font><font style="font-family:Times New Roman;font-size:10pt;">recorded debt extinguishment costs. </font><font style="font-family:Times New Roman;font-size:10pt;">See </font><font style="font-family:Times New Roman;font-size:10pt;">Note 7 for a discussion of any debt extinguishments associated with the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">long-term debt</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Corporate General And Administrative Expense</font><font style="font-family:Times New Roman;font-size:10pt;"> – Corporate general and administrative expense consists of corporate overhead costs and non-cash compensation expense. Included in corporate general and administrative expenses are those costs not specifically allocable to any of the Company's individual business properties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Time Brokerage Agreement (Income) Fees</font><font style="font-family:Times New Roman;font-size:10pt;"> – TBA fees </font><font style="font-family:Times New Roman;font-size:10pt;">or income </font><font style="font-family:Times New Roman;font-size:10pt;">consist of fees paid </font><font style="font-family:Times New Roman;font-size:10pt;">or </font><font style="font-family:Times New Roman;font-size:10pt;">received under agreements which permit an acquirer to program and market stations prior to </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">acquisition. The Company sometimes enters into such agreements prior to the consummation of station acquisitions and dispositions.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table presents those revenues and expenses incurred during the TBA for the periods indicated:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="8" style="width: 254px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:254px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31,</font></td></tr><tr style="height: 17px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="8" style="width: 254px; text-align:center;border-color:#000000;min-width:254px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Acquisition by the Company</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 18px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">TBA fees</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 244</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 302px; text-align:left;border-color:#000000;min-width:302px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Disposition by the Company</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 67px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 18px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">TBA income</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (2)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Barter Transactions</font><font style="font-family:Times New Roman;font-size:10pt;"> – The Company provides advertising broadcast time in exchange for certain products, supplies and services. The terms of the exchanges generally permit the Company to preempt such broadcast time in favor of advertisers who purchase time on regular terms. The Company includes the value of such exchanges in both broadcasting net revenues and station operating expenses. Barter valuation is based upon management's estimate of the fair value of the products, supplies and services received. </font><font style="font-family:Times New Roman;font-size:10pt;"> See Note 15, Supplemental Cash Flow </font><font style="font-family:Times New Roman;font-size:10pt;">Disclosures</font><font style="font-family:Times New Roman;font-size:10pt;"> On Non-Cash Investing And Financing Activities</font><font style="font-family:Times New Roman;font-size:10pt;">, for a summary of the Company's barter transactions. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Business Combinations –</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Accounting guidance for business combinations provides </font><font style="font-family:Times New Roman;font-size:10pt;">the criteria to recognize intangible assets apart from goodwill. Other than goodwill, the Company uses a direct value method to determine the fair value of all intangible assets required to be recognized </font><font style="font-family:Times New Roman;font-size:10pt;">for business combinations. </font><font style="font-family:Times New Roman;font-size:10pt;">For a discussion of impairment testing of those assets acquired in a business combination, including goodwill, see </font><font style="font-family:Times New Roman;font-size:10pt;">Note 4</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Asset Retirement Obligations –</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The Company </font><font style="font-family:Times New Roman;font-size:10pt;">reasonably estimate</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> the fair value of an asset retirement obligation</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> For an asset retirement obligation that is conditional</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(uncertainty about the timing and/or method of settlement)</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company factors into its fair value measurement</font><font style="font-family:Times New Roman;font-size:10pt;"> a probability factor</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">as </font><font style="font-family:Times New Roman;font-size:10pt;">the obligation </font><font style="font-family:Times New Roman;font-size:10pt;">depends upon</font><font style="font-family:Times New Roman;font-size:10pt;"> a </font><font style="font-family:Times New Roman;font-size:10pt;">future event that may or may not be within the control of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Accrued Compensation –</font><font style="font-family:Times New Roman;font-size:10pt;"> Certain </font><font style="font-family:Times New Roman;font-size:10pt;">types</font><font style="font-family:Times New Roman;font-size:10pt;"> of employee compensation</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which amounts are included in the balance sheets under accrued compensation and other current liabilities, </font><font style="font-family:Times New Roman;font-size:10pt;">are paid in subsequent periods. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> Note 6 for amounts reflected in the balance sheets. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash And Cash Equivalents</font><font style="font-family:Times New Roman;font-size:10pt;"> – Cash and cash equivalents consist primarily of amounts held on deposit with financial institutions, including investments held in financial institutions in immediately available money market accounts and all highly liquid debt instruments with initial maturities of three months or less. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Derivative Financial Instruments</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">– The Company </font><font style="font-family:Times New Roman;font-size:10pt;">follows accounting guidance for its derivative financial instruments, including certain derivative instruments embedded in other contracts, and hedging activities </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">for further discussion, </font><font style="font-family:Times New Roman;font-size:10pt;">see </font><font style="font-family:Times New Roman;font-size:10pt;">Note </font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;">).</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Leases</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> – </font><font style="font-family:Times New Roman;font-size:10pt;">The Company follows accounting guidance for its leases, which</font><font style="font-family:Times New Roman;font-size:10pt;"> includes the recognition of escalated rents on a straight-line basis over the term of the lease agreement</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> as</font><font style="font-family:Times New Roman;font-size:10pt;"> described </font><font style="font-family:Times New Roman;font-size:10pt;">further </font><font style="font-family:Times New Roman;font-size:10pt;">in Note </font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Share-Based Compensation –</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he Company </font><font style="font-family:Times New Roman;font-size:10pt;">records</font><font style="font-family:Times New Roman;font-size:10pt;"> compensation expense for all share-based payment awards made to employees and directors, including employee stock options and employee stock purchase plan purchases </font><font style="font-family:Times New Roman;font-size:10pt;">at</font><font style="font-family:Times New Roman;font-size:10pt;"> estimated fair values. </font><font style="font-family:Times New Roman;font-size:10pt;"> The Company also uses the simplified method in developing an estimate of the expected term of certain stock options</font><font style="font-family:Times New Roman;font-size:10pt;">. For</font><font style="font-family:Times New Roman;font-size:10pt;"> further discussion</font><font style="font-family:Times New Roman;font-size:10pt;"> of share-based compensation</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">see </font><font style="font-family:Times New Roman;font-size:10pt;">N</font><font style="font-family:Times New Roman;font-size:10pt;">ote </font><font style="font-family:Times New Roman;font-size:10pt;">11</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Investments</font><font style="font-family:Times New Roman;font-size:10pt;"> – For those investments in which the Company has the ability to exercise significant influence over the operating and financial policies of the investee, the investment is accounted for under the equity method</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> For those investments in which the Company does not have </font><font style="font-family:Times New Roman;font-size:10pt;">such</font><font style="font-family:Times New Roman;font-size:10pt;"> significant influence, the Company </font><font style="font-family:Times New Roman;font-size:10pt;">applies the accounting guidance for certain investments in debt and equity securities. An</font><font style="font-family:Times New Roman;font-size:10pt;"> investment is classified into one of three categories: held-to-maturity, available-for-sale, or trading securities,</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and, depending upon the classification, is carried at fair value based upon quoted market prices or historical cost when quoted market prices are unavailable. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The Company </font><font style="font-family:Times New Roman;font-size:10pt;">also </font><font style="font-family:Times New Roman;font-size:10pt;">provides certain quantitative and qualitative disclosures for those investments that are impaired (other than temporary) at the balance </font><font style="font-family:Times New Roman;font-size:10pt;">sheet </font><font style="font-family:Times New Roman;font-size:10pt;">date and </font><font style="font-family:Times New Roman;font-size:10pt;">for those investments </font><font style="font-family:Times New Roman;font-size:10pt;">for which </font><font style="font-family:Times New Roman;font-size:10pt;">an impairment</font><font style="font-family:Times New Roman;font-size:10pt;"> has not been recognized.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Advertising And Promotion Costs –</font><font style="font-family:Times New Roman;font-size:10pt;"> Costs of media advertising and associated production costs are expensed when incurred. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Insurance And Self-Insurance Liabilities –</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company uses a combination of insurance and self-insurance mechanisms to provide for the potential liabilities for workers' compensation, general liability, property, director and officers' liability, vehicle liability and employee health care benefits. Liabilities associated with the risks that are retained by the Company are estimated, in part, by considering claims experience, demographic factors, severity factors, outside expertise and other actuarial assumptions. For any legal costs expected to be incurred in connection with a loss contingency, the Company recognizes the expense as incurred. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Recognition Of Insurance Recoveries –</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company recognizes insurance recoveries when all of the contingencies related to the insurance claims have been satisfied.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Sports Programming Costs –</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Programming costs which are for a specified number of events are amortized on an event-by-event basis, and programming costs which are for a specified season are amortized over the season on a straight-line basis. The Company allocates that portion of sports programming costs that are related to sponsorship and marketing activities to sales and marketing expenses on a straight-line basis over the term of the agreement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Accrued</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> L</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">itigation</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> -</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The Company evaluates the likelihood of an unfavorable outcome in legal or regulatory proceedings to which it is a party and records a loss contingency when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These judgments are subjective, based on the status of such legal or regulatory proceedings, the merits of the Company's defenses and consultation with corporate and external legal counsel. Actual outcomes of these legal and regulatory proceedings may materially differ from the Company's estimates. The Company expenses </font><font style="font-family:Times New Roman;font-size:10pt;">legal </font><font style="font-family:Times New Roman;font-size:10pt;">costs </font><font style="font-family:Times New Roman;font-size:10pt;">as </font><font style="font-family:Times New Roman;font-size:10pt;">incurred in professional fees. See</font><font style="font-family:Times New Roman;font-size:10pt;"> Contingencies under</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Note </font><font style="font-family:Times New Roman;font-size:10pt;">19. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Software Costs –</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company capitalizes</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">direct internal and external costs incurred to develop internal-use software during the application development state. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Internal use software includes w</font><font style="font-family:Times New Roman;font-size:10pt;">ebsite development activities </font><font style="font-family:Times New Roman;font-size:10pt;">such as</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">planning</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> design</font><font style="font-family:Times New Roman;font-size:10pt;"> of additional functionality and features</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to</font><font style="font-family:Times New Roman;font-size:10pt;"> existing sites</font><font style="font-family:Times New Roman;font-size:10pt;"> and/or the planning and design of new sites</font><font style="font-family:Times New Roman;font-size:10pt;">. Costs</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">related to the maintenance</font><font style="font-family:Times New Roman;font-size:10pt;">, content development and training</font><font style="font-family:Times New Roman;font-size:10pt;"> of internal-use </font><font style="font-family:Times New Roman;font-size:10pt;">software are expensed as incurred.  Capitalized costs are amortized over the estimated useful life of three years. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Reclassifications</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> –</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Certain reclassifications have been made to the prior years' financial statements to conform to the presentation in the current year. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Prior Period Correction</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">–</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">During the year ended December 31, 2011, the Company recorded a prior period correction to income taxes </font><font style="font-family:Times New Roman;font-size:10pt;">and to other comprehensive income </font><font style="font-family:Times New Roman;font-size:10pt;">(“OCI”) </font><font style="font-family:Times New Roman;font-size:10pt;">as described in Note 13, Income Taxes</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and Note 14</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">Accumulated </font><font style="font-family:Times New Roman;font-size:10pt;">Other Comprehensive Income,</font><font style="font-family:Times New Roman;font-size:10pt;"> respectively</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Calibri;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Recent Accounting </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Standards</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">-</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Balance Sheet Disclosures About Offsetting Assets And Liabilities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In December 2011, the </font><font style="font-family:Times New Roman;font-size:10pt;">accounting guidance was revised to enhance disclosures</font><font style="font-family:Times New Roman;font-size:10pt;"> regarding financial and derivative instruments. Entities are required to provide both net and gross information for these assets and liabilities in order to enhance comparability </font><font style="font-family:Times New Roman;font-size:10pt;">with international accounting standards</font><font style="font-family:Times New Roman;font-size:10pt;">. This new guidance</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which will be effective for </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> as of January 1, 2013, </font><font style="font-family:Times New Roman;font-size:10pt;">is to be applied retrospectively. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> anticipate</font><font style="font-family:Times New Roman;font-size:10pt;">s </font><font style="font-family:Times New Roman;font-size:10pt;">that the adoption of this </font><font style="font-family:Times New Roman;font-size:10pt;">accounting guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> will expand </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated financial statement footnote disclosures. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Goodwill Testing</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In </font><font style="font-family:Times New Roman;font-size:10pt;">August</font><font style="font-family:Times New Roman;font-size:10pt;"> 2011, the accounting guidance for how an entity tests goodwill for impairment was revised to simplify the procedures. The amendments will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. Prior to this decision, entities were required to test goodwill for impairment, on at least an annual basis, by first comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit is less than its carrying amount, then the second step of the test is performed to measure the amount of impairment loss, if any. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company does not expect that th</font><font style="font-family:Times New Roman;font-size:10pt;">is guidance, which </font><font style="font-family:Times New Roman;font-size:10pt;">will be</font><font style="font-family:Times New Roman;font-size:10pt;"> effective for the Company as of January 1, 2012, </font><font style="font-family:Times New Roman;font-size:10pt;">will</font><font style="font-family:Times New Roman;font-size:10pt;"> have a </font><font style="font-family:Times New Roman;font-size:10pt;">material</font><font style="font-family:Times New Roman;font-size:10pt;"> effect on the Company's results of operations, cash flows or financial condition.        </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Presentation Of Comprehensive Income</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In June 2011, the </font><font style="font-family:Times New Roman;font-size:10pt;">accounting standards for the presentation of comprehensive income were amended.</font><font style="font-family:Times New Roman;font-size:10pt;">  This guidance </font><font style="font-family:Times New Roman;font-size:10pt;">was intended to improve</font><font style="font-family:Times New Roman;font-size:10pt;"> the comparability, consistency and transparency of financial reporting and increases the prominence of items reported in other comprehensive income.  </font><font style="font-family:Times New Roman;font-size:10pt;">In October 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the accounting standards were modified to defer</font><font style="font-family:Times New Roman;font-size:10pt;"> the specific requirement to present items that are reclassified from other comprehensive income to net income alongside their respective components of net income and other comprehensive income.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The guidance provided by this update </font><font style="font-family:Times New Roman;font-size:10pt;">will be</font><font style="font-family:Times New Roman;font-size:10pt;"> effective for </font><font style="font-family:Times New Roman;font-size:10pt;">the Company on January 1, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">.  Since this </font><font style="font-family:Times New Roman;font-size:10pt;">guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> will only change the format of financial statements, it is expected that the adoption of this </font><font style="font-family:Times New Roman;font-size:10pt;">guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> will not have a material effect on </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">results of operations, cash flows or financial condition</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Disclosure Of </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Fair Value Measurements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In May 2011, the accounting standards </font><font style="font-family:Times New Roman;font-size:10pt;">for</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">f</font><font style="font-family:Times New Roman;font-size:10pt;">air </font><font style="font-family:Times New Roman;font-size:10pt;">v</font><font style="font-family:Times New Roman;font-size:10pt;">alue </font><font style="font-family:Times New Roman;font-size:10pt;">m</font><font style="font-family:Times New Roman;font-size:10pt;">easurement</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> were amended</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to clarify existing guidance and require certain new quantitative and qualitative disclosures regarding unobservable fair value measurements. </font><font style="font-family:Times New Roman;font-size:10pt;">The guidance provided by this update </font><font style="font-family:Times New Roman;font-size:10pt;">will be</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">effective for the Company on January 1, 2012. </font><font style="font-family:Times New Roman;font-size:10pt;">Since this guidance will only </font><font style="font-family:Times New Roman;font-size:10pt;">require additional disclosures</font><font style="font-family:Times New Roman;font-size:10pt;">, it is expected that </font><font style="font-family:Times New Roman;font-size:10pt;">this</font><font style="font-family:Times New Roman;font-size:10pt;"> will not have a material effect on </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> results of operations, cash flows or financial condition.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Business Combinations</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In December 2010, the accounting standards for business combinations were amended to specify that if a public entity presents comparative financial statements, the entity should disclose revenue and earnings of the combined entity as though the business combination that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period only. Th</font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> amendment</font><font style="font-family:Times New Roman;font-size:10pt;"> was</font><font style="font-family:Times New Roman;font-size:10pt;"> effective </font><font style="font-family:Times New Roman;font-size:10pt;">for the Company on January 1, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">. The Company adopted </font><font style="font-family:Times New Roman;font-size:10pt;">this provision</font><font style="font-family:Times New Roman;font-size:10pt;"> without </font><font style="font-family:Times New Roman;font-size:10pt;">any </font><font style="font-family:Times New Roman;font-size:10pt;">impact to the Company's disclosures.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">3</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.       ACCOUNTS RECEIVABLE AND RELATED ALLOWANCE FOR DOUBTFUL ACCOUNTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       Accounts receivable are primarily </font><font style="font-family:Times New Roman;font-size:10pt;">attributable to</font><font style="font-family:Times New Roman;font-size:10pt;"> advertising </font><font style="font-family:Times New Roman;font-size:10pt;">which has been provided and</font><font style="font-family:Times New Roman;font-size:10pt;"> for which payment has not been </font><font style="font-family:Times New Roman;font-size:10pt;">received from the advertiser. Accounts receivable are</font><font style="font-family:Times New Roman;font-size:10pt;"> net of agency commissions and an estimated allowance for doubtful accounts. Estimates of the allowance for doubtful accounts are recorded based on management's judgment of the collectability of the accounts receivable based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The accounts receivable balances and reserve for doubtful accounts are presented in the following table</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">as of </font><font style="font-family:Times New Roman;font-size:10pt;">the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"> </td><td colspan="5" style="width: 196px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:196px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net Accounts Receivable</font></td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"> </td><td colspan="5" style="width: 196px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:196px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"> </td><td colspan="2" style="width: 94px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 94px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"> </td><td colspan="5" style="width: 196px; text-align:center;border-color:#000000;min-width:196px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 83px; text-align:left;border-color:#000000;min-width:83px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 83px; text-align:left;border-color:#000000;min-width:83px;"> </td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accounts receivable</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">72,372</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">74,024</font></td></tr><tr style="height: 17px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Allowance for doubtful accounts</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(3,319)</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(3,127)</font></td></tr><tr style="height: 18px"><td style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accounts receivable, net of allowance for doubtful accounts</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 83px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">69,053</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 83px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">70,897</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> the table in Note 6</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for the amounts outstanding as of the periods indicated for: (1) accounts receivable credits; and (2) unearned revenues</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table </font><font style="font-family:Times New Roman;font-size:10pt;">presents the changes in the allowance for doubtful accounts for the periods presented:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="13" style="width: 514px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:514px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Changes In Allowance For Doubtful Accounts </font></td></tr><tr style="height: 17px"><td style="width: 162px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:162px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Additions</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:68px;"> </td></tr><tr style="height: 17px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Balance At</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Charged To </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Deductions</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Balance At</font></td></tr><tr style="height: 17px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Beginning </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Costs And</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">From</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">End Of</font></td></tr><tr style="height: 17px"><td style="width: 162px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:162px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Year Ended</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Of Year</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expenses</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Reserves</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Year</font></td></tr><tr style="height: 17px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="11" style="width: 342px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:342px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 20px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2011</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,127</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,672</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,480)</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,319</font></td></tr><tr style="height: 17px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2010</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,299</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 990</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,162)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,127</font></td></tr><tr style="height: 17px"><td style="width: 162px; text-align:left;border-color:#000000;min-width:162px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2009</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,476</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,708</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,885)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,299</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">4.       INTANGIBLE ASSETS AND GOODWILL</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(A) Indefinite-Lived Intangibles</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Goodwill and certain intangible assets are not amortized. The Company accounts for its acquired broadcasting licenses as indefinite-lived intangible assets and, similar to goodwill, these assets are reviewed at least annually for impairment. At the time of each review, if the fair value is less than the recorded value of goodwill and certain intangibles (such as broadcasting licenses), then a charge is recorded to the results of operations. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he Company may only write down the carrying value of i</font><font style="font-family:Times New Roman;font-size:10pt;">ts indefinite-lived intangibles. The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> is not permitted to increase the carrying value if the fair value of these assets subsequently increases. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">(1)       Broadcasting Licenses</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Impairment Test </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The Company performs its </font><font style="font-family:Times New Roman;font-size:10pt;">annual </font><font style="font-family:Times New Roman;font-size:10pt;">broadcasting license impairment test</font><font style="font-family:Times New Roman;font-size:10pt;"> during the second quarter of each year </font><font style="font-family:Times New Roman;font-size:10pt;">by evaluating its broadcasting licenses for impairment at the market level using the direct method</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">or purposes of testing impairment</font><font style="font-family:Times New Roman;font-size:10pt;">, i</font><font style="font-family:Times New Roman;font-size:10pt;">ndefinite-lived intangible assets are combined into a single unit of accounting. Since the broadcasting licenses in each market are operated as a single asset, each market's broadcasting licenses are a single unit of accounting.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company determines the fair value of the broadcasting licenses in each of its markets by relying on a discounted cash flow approach (a </font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">year income model) assuming a start-up scenario in which the only assets held by an investor are broadcasting licenses. The Company's fair value analysis contains assumptions incorporating variables that are based on past experiences and judgments about future performance using industry normalized information for an average station within a certain market. These variables include, but are not limited to: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate used in the </font><font style="font-family:Times New Roman;font-size:10pt;">determination</font><font style="font-family:Times New Roman;font-size:10pt;"> of fair value; (2) </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">market share and profit margin of an average station within a market</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">based upon market size and station type</font><font style="font-family:Times New Roman;font-size:10pt;">; (3) </font><font style="font-family:Times New Roman;font-size:10pt;">the forecast growth rate of each radio market, including assumptions regarding each market's population, household income, retail sales and other factors that would influence advertising expenditures; (</font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;">) </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">estimated capital start-up costs and losses incurred during the early years; (5) </font><font style="font-family:Times New Roman;font-size:10pt;">the listening audience covered by an average station's broadcast signal and its comparison to other media competition within the market area</font><font style="font-family:Times New Roman;font-size:10pt;">; (6) an effective tax rate assumption; and (7) future terminal values. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table presents the changes in broadcasting licenses</font><font style="font-family:Times New Roman;font-size:10pt;"> for the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Broadcasting Licenses</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying Amount</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Beginning of period balance as of January 1,</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 768,646</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Impairment loss</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(60,794)</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Acquisition (Note ##AcqN)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8,050</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td></tr><tr style="height: 18px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Ending period balance as of December 31,</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 715,902</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Broadcasting License Impairment Testing </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">During The Second Quarter</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Ended June 30, 2011</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">During the second quarter of 2011, the Company completed </font><font style="font-family:Times New Roman;font-size:10pt;">its annual</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment test for broadcasting licenses </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">determined </font><font style="font-family:Times New Roman;font-size:10pt;">that</font><font style="font-family:Times New Roman;font-size:10pt;"> the fair value of its broadcasting licenses was </font><font style="font-family:Times New Roman;font-size:10pt;">in excess of the carrying value</font><font style="font-family:Times New Roman;font-size:10pt;"> for </font><font style="font-family:Times New Roman;font-size:10pt;">each of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's markets and</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> accordingly, no impairment was recorded.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The methodology used by the Company in determining its key estimates and assumptions was applied consistently to each market. Of the seven variables identified above, the Company believes that the first three (in clauses (1) through (3) above) are the most important to the determination of fair value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table reflects </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">estimates and assumptions </font><font style="font-family:Times New Roman;font-size:10pt;">used in the second quarter of 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> as compared to </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">second</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">, the date of the most recent prior impairment test</font><font style="font-family:Times New Roman;font-size:10pt;">. In general, when comparing the second quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> to the second</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate</font><font style="font-family:Times New Roman;font-size:10pt;">, which was</font><font style="font-family:Times New Roman;font-size:10pt;"> estimated </font><font style="font-family:Times New Roman;font-size:10pt;">using </font><font style="font-family:Times New Roman;font-size:10pt;">required returns on debt and equity</font><font style="font-family:Times New Roman;font-size:10pt;"> of publicly traded radio companies</font><font style="font-family:Times New Roman;font-size:10pt;">, did not change</font><font style="font-family:Times New Roman;font-size:10pt;">; (2) the operating profit margin range</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">expected for</font><font style="font-family:Times New Roman;font-size:10pt;"> average station</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">in the same markets where the</font><font style="font-family:Times New Roman;font-size:10pt;"> Company</font><font style="font-family:Times New Roman;font-size:10pt;"> operates</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">remained </font><font style="font-family:Times New Roman;font-size:10pt;">relatively stable </font><font style="font-family:Times New Roman;font-size:10pt;">with minor fluctuations in several markets</font><font style="font-family:Times New Roman;font-size:10pt;">; and (3) the market long-term revenue growth rate </font><font style="font-family:Times New Roman;font-size:10pt;">did not change</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td colspan="3" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td></tr><tr style="height: 33px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">19.5% to 41.5%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 42.5%</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">There were no events or circumstances </font><font style="font-family:Times New Roman;font-size:10pt;">since</font><font style="font-family:Times New Roman;font-size:10pt;"> the </font><font style="font-family:Times New Roman;font-size:10pt;">second</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;"> that indicated an interim review of broadcast licenses was required. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">If actual market conditions are less favorable than those projected by the industry or the Company, or if events occur or circumstances change that would reduce the fair value of the Company's broadcasting licenses below the amount reflected in the balance sheet, the Company may be required to </font><font style="font-family:Times New Roman;font-size:10pt;">conduct an interim test and possibly </font><font style="font-family:Times New Roman;font-size:10pt;">recognize impairment charges, which may be material, in future periods. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Broadcasting License Impairment </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Testing During The Second Quarter</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Ended June 30, 2010</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company completed </font><font style="font-family:Times New Roman;font-size:10pt;">its annual</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment test for broadcasting licenses during the second quarter </font><font style="font-family:Times New Roman;font-size:10pt;">of 2010 </font><font style="font-family:Times New Roman;font-size:10pt;">and determined that the fair value of the broadcasting licenses was </font><font style="font-family:Times New Roman;font-size:10pt;">more than</font><font style="font-family:Times New Roman;font-size:10pt;"> the amount reflected in the balance sheet for each of the Company's markets and, accordingly, no impairment was recorded. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The methodology used by the Company in determining its key estimates and assumptions was applied consistently to each market. Of the seven variables identified above, the Company believes that the first three (in clauses (1) through (3) above) are the most important to the determination of fair value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table reflects </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">estimates and assumptions </font><font style="font-family:Times New Roman;font-size:10pt;">used in the second quarter of 201</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;"> as compared to </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">second</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">09</font><font style="font-family:Times New Roman;font-size:10pt;">, the date of the</font><font style="font-family:Times New Roman;font-size:10pt;"> prior</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment test</font><font style="font-family:Times New Roman;font-size:10pt;">. In general, when comparing the second quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;"> to the second</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">09</font><font style="font-family:Times New Roman;font-size:10pt;">: (1</font><font style="font-family:Times New Roman;font-size:10pt;">) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate decreased primarily due to a decrease in the estimated required returns on debt and equity</font><font style="font-family:Times New Roman;font-size:10pt;"> of publicly traded radio companies; (2) the operating profit margin range</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> expected for</font><font style="font-family:Times New Roman;font-size:10pt;"> average station</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">in the same markets where the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">operates</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">remained relatively flat; and (3) the market long-term revenue growth rate w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> marginally higher as the outlook for the industry improved.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 414px; text-align:left;border-color:#000000;min-width:414px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 33px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 42.5%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 44.0%</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Broadcasting Licenses Impairment </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Testing </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">During The Second Quarter</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Ended</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> June 30. 2009</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The Company completed </font><font style="font-family:Times New Roman;font-size:10pt;">its annual</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment test for broadcasting licenses during the second quarter and determined that the fair value of the broadcasting licenses was less than the amount reflected in the balance sheet for each of the Company's markets, other than Seattle, and recorded an impairment loss of $</font><font style="font-family:Times New Roman;font-size:10pt;">60.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million. The prolonged economic downturn negatively impacted the radio broadcasting industry as advertising revenues continued to decline and expectations for growth over the next year were reduced. The projected growth levels for the industry and the Company were less than those originally forecasted for 2009, which was the primary reason for further impairment to broadcasting licenses in the second quarter. As revenues decline, profitability levels are also negatively impacted, as fixed costs represent a large component of a radio station's operating expenses. As a result, the asset base is particularly sensitive to the impact of continued declining revenues. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The methodology used by the Company in determining its key estimates and assumptions was applied consistently to each market. Of the seven variables identified previously, the Company believes that the first three (in clauses (1) through (3)) are the most important to the determination of fair value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The following table reflects the estimates and assumptions since the most recent </font><font style="font-family:Times New Roman;font-size:10pt;">prior </font><font style="font-family:Times New Roman;font-size:10pt;">impairment test of broadcasting licenses in the fourth quarter of 2008</font><font style="font-family:Times New Roman;font-size:10pt;"> (an interim</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment test for broadcasting licenses was</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">performed during the fourth quarter of 2008</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The table also depicts the range of operating profit margin and market long-term revenue growth rates used for determining the fair value of the Company's broadcasting licenses.  </font><font style="font-family:Times New Roman;font-size:10pt;">In general, when comparing the second quarter of 2009 </font><font style="font-family:Times New Roman;font-size:10pt;">to</font><font style="font-family:Times New Roman;font-size:10pt;"> the fourth quarter of 2008: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate, which was estimated using required returns on debt and equity of publicly traded radio companies, did not change; (2) </font><font style="font-family:Times New Roman;font-size:10pt;">the operating profit margin range</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">expected for</font><font style="font-family:Times New Roman;font-size:10pt;"> average station</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">in the same markets where the Company operates</font><font style="font-family:Times New Roman;font-size:10pt;"> declined; and (</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">) the market long-term revenue growth rates were consistent; however, current period revenues were less than previously projected for 2009.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 33px"><td style="width: 419px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 44.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 46.7%</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.0%</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">(2) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">G</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">oodwill </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">              </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company performs its annual impairment test on its goodwill during the second quarter of each year by comparing the fair value for each reporting unit with the amount reflected on the balance sheet. The Company has determined that a radio market is a reporting unit and, in total, the Company assesses goodwill at </font><font style="font-family:Times New Roman;font-size:10pt;">19</font><font style="font-family:Times New Roman;font-size:10pt;"> separate reporting units (</font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;"> of the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">23</font><font style="font-family:Times New Roman;font-size:10pt;"> reporting units ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> no goodwill recorded as of </font><font style="font-family:Times New Roman;font-size:10pt;">the end of the current period</font><font style="font-family:Times New Roman;font-size:10pt;">). If the fair value of any reporting unit is less than the amount reflected </font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">n the balance sheet, an indication exists that the amount of goodwill attributed to a reporting unit may be impaired, and the Company is required to perform a second step of the impairment test. In the second step, the Company compares the amount reflected </font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">n the balance sheet to the implied fair value of the reporting unit's goodwill, determined by allocating the reporting unit's fair value to all of its assets and liabilities in a manner similar to a purchase price allocation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       To determine the fair value, the Company uses an income and market approach for each reporting unit. The market approach compares recent sales and offering prices of similar properties. The income approach uses the subject property's income generated over a specified time and capitalized at an appropriate market rate to arrive at an indication of the most probable selling price. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table presents the changes in goodwill for each of the </font><font style="font-family:Times New Roman;font-size:10pt;">periods indicated:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="8" style="width: 296px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:296px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Goodwill Carrying Amount</font></td></tr><tr style="height: 17px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="8" style="width: 296px; text-align:center;border-color:#000000;min-width:296px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill balance before cumulative loss</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of January 1,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated loss on impairment as of January 1,</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(118,733)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill beginning balance after cumulative loss</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of January 1,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">45,050</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Loss on impairment during year</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(6,882)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Acquisition (Note ##AcqN)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">723</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td></tr><tr style="height: 18px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill ending balance as of December 31,</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,891</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td></tr><tr style="height: 18px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill balance before cumulative loss</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of December 31,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">164,506</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated loss on impairment as of December 31,</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td></tr><tr style="height: 18px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill ending balance as of December 31,</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,891</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Goodwill Impairment </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Testing </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">During The Second Quarter </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Ended</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> June 30, 2011</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In step one of the Company's goodwill analysis during the second quarter, the Company considered the results of the market approach and</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">when appropriate, </font><font style="font-family:Times New Roman;font-size:10pt;">the income approach in computing the fair value of the Company's reporting units. In the market approach, the Company applied an estimated market multiple of </font><font style="font-family:Times New Roman;font-size:10pt;">between </font><font style="font-family:Times New Roman;font-size:10pt;">7.5 times</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">8.0 </font><font style="font-family:Times New Roman;font-size:10pt;">times to each reporting unit's operating performance to calculate the fair value. This multiple was </font><font style="font-family:Times New Roman;font-size:10pt;">consistent</font><font style="font-family:Times New Roman;font-size:10pt;"> with the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">multiple applied to all markets in the second quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">. Management believes that these approaches are an appropriate measurement given the </font><font style="font-family:Times New Roman;font-size:10pt;">current</font><font style="font-family:Times New Roman;font-size:10pt;"> market valuations of broadcast radio stations together with historical market transactions, including those in recent months.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Factors contributing to the determination of the reporting unit's operating performance were historical performance and management's estimate of future performance. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In the income approach, the Company utilized the discounted cash flow method to calculate the fair value of the reporting unit (the key estimates and assumptions are included in the table below). The results of step one indicated that it was not necessary to perform the second step analysis in any of the markets tested</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> as </font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;">he fair values for all of the Company's markets were </font><font style="font-family:Times New Roman;font-size:10pt;">in excess of the carrying value</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">As</font><font style="font-family:Times New Roman;font-size:10pt;"> a result of the step one test, no impairment loss was recorded during the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company performed a reasonableness test </font><font style="font-family:Times New Roman;font-size:10pt;">by comparing the fair value results for goodwi</font><font style="font-family:Times New Roman;font-size:10pt;">ll by using the implied multiple based on the Company's cash flow performance </font><font style="font-family:Times New Roman;font-size:10pt;">and its current stock price </font><font style="font-family:Times New Roman;font-size:10pt;">and comparing the results to prevailing radio broadcast transaction multiples.</font><font style="font-family:Times New Roman;font-size:10pt;">  </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table reflects certain key estimates and assumptions </font><font style="font-family:Times New Roman;font-size:10pt;">used in </font><font style="font-family:Times New Roman;font-size:10pt;">the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and in the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">, the date of the most recent prior impairment test</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> In general, when comparing the second quarter of 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to the second quarter of 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate, which was estimated using required returns on debt and equity</font><font style="font-family:Times New Roman;font-size:10pt;"> of publicly traded radio companies</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">did not change</font><font style="font-family:Times New Roman;font-size:10pt;">; (</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">) the market</font><font style="font-family:Times New Roman;font-size:10pt;"> long-term revenue growth rate </font><font style="font-family:Times New Roman;font-size:10pt;">did not change</font><font style="font-family:Times New Roman;font-size:10pt;">; and (3) the market multiple used in step one of the market valuation approach did not change</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td colspan="3" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:244px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">There were no events or circumstances since the Company's second quarter annual </font><font style="font-family:Times New Roman;font-size:10pt;">goodwill </font><font style="font-family:Times New Roman;font-size:10pt;">test that required the Company to test the carrying value of its goodwill. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">If actual market conditions are less favorable than those projected by the industry or the Company, or if events occur or circumstances change that would reduce the fair value of the Company's goodwill below the amount reflected in the balance sheet, the Company may be required to</font><font style="font-family:Times New Roman;font-size:10pt;"> conduct an interim test and possibly </font><font style="font-family:Times New Roman;font-size:10pt;">recognize impairment charges, which </font><font style="font-family:Times New Roman;font-size:10pt;">could</font><font style="font-family:Times New Roman;font-size:10pt;"> be material, in future periods.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Goodwill Impairment </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Testing </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">During The Second Quarter</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Ended June 30, 2010</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In step one of the Company's goodwill analysis during the second quarter, the Company considered the results of the market approach and the income approach</font><font style="font-family:Times New Roman;font-size:10pt;">, when appropriate,</font><font style="font-family:Times New Roman;font-size:10pt;"> in computing the fair value of the Company's reporting units. In the market approach, the Company applied an estimated market multiple of between </font><font style="font-family:Times New Roman;font-size:10pt;">7.5</font><font style="font-family:Times New Roman;font-size:10pt;"> times and </font><font style="font-family:Times New Roman;font-size:10pt;">8.0</font><font style="font-family:Times New Roman;font-size:10pt;"> times to each reporting unit's operating performance to calculate the fair value. This multiple was higher than the </font><font style="font-family:Times New Roman;font-size:10pt;">6.0</font><font style="font-family:Times New Roman;font-size:10pt;"> times multiple applied to all markets in the second quarter of 2009. Management believes that these approaches are an appropriate measurement given the </font><font style="font-family:Times New Roman;font-size:10pt;">current</font><font style="font-family:Times New Roman;font-size:10pt;"> market valuations of broadcast radio stations together with the historical market transactions, including those in recent months.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Factors contributing to the determination of the reporting unit's operating performance were historical perfor</font><font style="font-family:Times New Roman;font-size:10pt;">mance and management's estimate</font><font style="font-family:Times New Roman;font-size:10pt;"> of future performance. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In the income approach, the Company utilized the discounted cash flow method to calculate the fair value of the reporting unit (the key estimates and assumptions are included in the table below). The results of step one indicated that it was not necessary to perform the second step analysis in any of the markets tested, as </font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;">he fair values for all of the Company's markets were above book value.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">As</font><font style="font-family:Times New Roman;font-size:10pt;"> a result of the step one test, no impairment loss was recorded during the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company performed a reasonableness test </font><font style="font-family:Times New Roman;font-size:10pt;">by comparing the fair value results for goodwi</font><font style="font-family:Times New Roman;font-size:10pt;">ll by using the implied multiple based on the Company's cash flow performance </font><font style="font-family:Times New Roman;font-size:10pt;">and its current stock price </font><font style="font-family:Times New Roman;font-size:10pt;">and comparing the results to prevailing radio broadcast transaction multiples.</font><font style="font-family:Times New Roman;font-size:10pt;">  </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table reflects certain key estimates and assumptions </font><font style="font-family:Times New Roman;font-size:10pt;">used in </font><font style="font-family:Times New Roman;font-size:10pt;">the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and in the second quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, the date of the prior impairment test</font><font style="font-family:Times New Roman;font-size:10pt;">. In general, when comparing the second quarter of 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to the second quarter of 2009: (1) the discount rate decreased primarily due to a decrease in the estimated required returns of the debt and equity of publicly traded radio companies; (</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">) </font><font style="font-family:Times New Roman;font-size:10pt;">the market long-term revenue growth rate</font><font style="font-family:Times New Roman;font-size:10pt;"> range</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">narrowed</font><font style="font-family:Times New Roman;font-size:10pt;">; and (3) the market multiple used in step one of the market valuation approach </font><font style="font-family:Times New Roman;font-size:10pt;">increased</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Goodwill Impairment </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Testing</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">During The Second Quarter</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Ended </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">June 30, 2009</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">In step one of the Company's goodwill analysis during the second quarter, the Company considered the results of the market approach and the income approach</font><font style="font-family:Times New Roman;font-size:10pt;">, when appropriate,</font><font style="font-family:Times New Roman;font-size:10pt;"> in computing the fair value of the Company's reporting units. In the market approach, the Company applied an estimated market multiple of </font><font style="font-family:Times New Roman;font-size:10pt;">6.0</font><font style="font-family:Times New Roman;font-size:10pt;"> times (consistent with the multiple used in the fourth quarter of 2008) to each reporting unit's operating performance to calculate the fair value. The Company applied the same market multiple consistently across all reporting units. In the income approach, the Company utilized the discounted cash flow method to calculate the fair value of the reporting unit (key estimates and assumptions are included in the table below). The results of step one indicated that it was necessary to perform the second step analysis in seven of the 23 reporting units. The fair values for two of the seven markets were marginally above book value. Management believes that these approaches are commonly used methodologies for valuing broadcast radio stations and that a six times multiple is an appropriate measurement given the recent fall in market valuations of broadcast radio stations together with a historically low level of market transactions in recent months. </font><font style="font-family:Times New Roman;font-size:10pt;">The marginal stations were included in the Company's step </font><font style="font-family:Times New Roman;font-size:10pt;">two</font><font style="font-family:Times New Roman;font-size:10pt;"> impairment testing due to the subjective nature of the step one analysis </font><font style="font-family:Times New Roman;font-size:10pt;">(unobservable inputs) </font><font style="font-family:Times New Roman;font-size:10pt;">and the sensitivities inherent in these calculations. Factors contributing to the determination of the reporting unit's operating performance were historical performance and/or management's estimates of future performance. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Under the second step, the Company determined that the fair value of the Company's goodwill was less than the amount reflected in the balance sheet for the seven markets tested, which were Austin, Greensboro, Greenville, Indianapolis, Kansas City, Memphis and Wichita, and recorded an impairment loss of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">6.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million during the second quarter of 2009</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Contributing factors to the impairment were a decline in the advertising dollars in these markets and its effect on the Company's operations, coupled with changes in the anticipated growth and profitability of these markets.  </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The prolonged economic downturn negatively impacted the radio broadcasting industry as advertising revenues continued to decline and expectations for growth over the next year also declined. The projected revenue growth levels for the industry and the Company were less than those originally forecasted for 2009, which caused further goodwill impairment in the second quarter of 2009. As revenues decline, profitability levels are also negatively impacted as </font><font style="font-family:Times New Roman;font-size:10pt;">fixed costs represent a large component of a radio station's </font><font style="font-family:Times New Roman;font-size:10pt;">operating expenses. As a result, the asset base is particularly sensitive to the impact of declining revenues. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table reflects </font><font style="font-family:Times New Roman;font-size:10pt;">certain</font><font style="font-family:Times New Roman;font-size:10pt;"> key estimates and assumptions since the most recent </font><font style="font-family:Times New Roman;font-size:10pt;">prior </font><font style="font-family:Times New Roman;font-size:10pt;">impairment test in the fourth quarter of 2008. In general, when comparing between the second quarter of 2009 and the fourth quarter of 2008: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">the discount rate, which was estimated using required returns on debt and equity of publicly traded radio companies, did not change;</font><font style="font-family:Times New Roman;font-size:10pt;"> (</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">) the market long-term revenue growth rate w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> consistent; however, current period revenues were less than previously projected for 2009</font><font style="font-family:Times New Roman;font-size:10pt;">; and (3) the market multiple used in step one of the market valuation approach</font><font style="font-family:Times New Roman;font-size:10pt;"> did not change</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.0%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(B) Definite-Lived Intangibles</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company has definite-lived intangible assets that consist of advertiser lists and customer relationships, and acquired advertising contracts. These assets are amortized over the period for which the assets are expected to contribute to the Company's future cash flows and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For the years ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company reviewed the carrying value and the useful lives of these assets</font><font style="font-family:Times New Roman;font-size:10pt;"> and determined they were appropriate</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Note 5</font><font style="font-family:Times New Roman;font-size:10pt;"> for:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(1) </font><font style="font-family:Times New Roman;font-size:10pt;">a listing of the assets comprising </font><font style="font-family:Times New Roman;font-size:10pt;">definite-lived assets</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">which are included in deferred charges and other assets on the balance sheet</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">; </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">2) the Company's estimate of amortization expense for definite-lived assets in future periods</font><font style="font-family:Times New Roman;font-size:10pt;">; and (3) the amount of amortization expense for definite-lived assets</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Broadcasting Licenses</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying Amount</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="8" style="width: 326px; text-align:center;border-color:#000000;min-width:326px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"> </td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Beginning of period balance as of January 1,</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 768,646</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Impairment loss</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(60,794)</font></td></tr><tr style="height: 17px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Acquisition (Note ##AcqN)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8,050</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td></tr><tr style="height: 18px"><td style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Ending period balance as of December 31,</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 715,902</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 88px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 707,852</font></td></tr></table></div>
707852000
715902000
707852000
768646000
8050000
0
0
60794000
0
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td colspan="3" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td></tr><tr style="height: 33px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">19.5% to 41.5%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 42.5%</font></td></tr><tr style="height: 17px"><td style="width: 413px; text-align:left;border-color:#000000;min-width:413px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 414px; text-align:left;border-color:#000000;min-width:414px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 33px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 42.5%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 44.0%</font></td></tr><tr style="height: 17px"><td style="width: 414px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 33px"><td style="width: 419px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Operating profit margin ranges expected for average stations in the same markets where the Company operates</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 44.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">21.0% to 46.7%</font></td></tr><tr style="height: 17px"><td style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.0%</font></td></tr></table></div>
163783000
723000
163783000
38168000
-125615000
0
-125615000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="8" style="width: 296px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:296px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Goodwill Carrying Amount</font></td></tr><tr style="height: 17px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td colspan="8" style="width: 296px; text-align:center;border-color:#000000;min-width:296px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill balance before cumulative loss</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of January 1,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated loss on impairment as of January 1,</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(118,733)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill beginning balance after cumulative loss</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of January 1,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">45,050</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Loss on impairment during year</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(6,882)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Acquisition (Note ##AcqN)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">723</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">0</font></td></tr><tr style="height: 18px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill ending balance as of December 31,</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,891</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td></tr><tr style="height: 18px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 126px; text-align:left;border-color:#000000;min-width:126px;"> </td><td style="width: 181px; text-align:left;border-color:#000000;min-width:181px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill balance before cumulative loss</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> on impairment as of December 31,</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">164,506</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">163,783</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated loss on impairment as of December 31,</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(125,615)</font></td></tr><tr style="height: 18px"><td colspan="3" style="width: 335px; text-align:left;border-color:#000000;min-width:335px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill ending balance as of December 31,</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,891</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">38,168</font></td></tr></table></div>
163783000
-118733000
45050000
0
6882000
0
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td colspan="3" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:244px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:372px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td></tr><tr style="height: 17px"><td style="width: 372px; text-align:left;border-color:#000000;min-width:372px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 112px; text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.5% to 2.0%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">7.5x to 8.0x</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"> </td><td colspan="3" style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Estimates And Assumptions</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Second</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quarter</font></td></tr><tr style="height: 18px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Discount rate</font></td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">10.6%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term revenue growth rate range of the Company's markets </font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.5%</font></td><td style="width: 7px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">1.0% to 2.0%</font></td></tr><tr style="height: 17px"><td style="width: 429px; text-align:left;border-color:#000000;min-width:429px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Market multiple used in step one of the market valuation approach</font></td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 116px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:116px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.0x</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">5</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.        DEFERRED CHARGES AND OTHER ASSETS </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Deferred charges and other assets, including definite-lived intangible assets, consist of the following</font><font style="font-family:Times New Roman;font-size:10pt;"> as of the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td colspan="17" style="width: 355px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:355px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Deferred Charges And Other Assets</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td colspan="17" style="width: 355px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:355px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td colspan="8" style="width: 175px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="8" style="width: 175px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Period Of</font></td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Asset</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Reserve</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Asset</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Reserve</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amortization</font></td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td colspan="17" style="width: 355px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:355px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td><td style="width: 5px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Deferred contracts and other agreements</font></td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,788</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,049</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 739</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,588</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 929</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 659</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Term of contract</font></td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Advertiser lists and customer relationships</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 817</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 701</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 116</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 656</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 653</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3 years</font></td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Total definite-lived intangibles</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,605</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,750</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 855</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,244</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,582</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 662</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Debt issuance costs</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21,746</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,584</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 20,162</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 15,482</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,546</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,936</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Term of debt</font></td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Prepaid assets - long-term</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,457</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,457</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,995</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,995</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Software costs and other</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,137</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,096</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,041</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,629</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,659</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 46px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,970</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 232px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,945</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13,430</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 24,515</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 32,350</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21,787</font></td><td style="width: 5px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:5px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 46px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:46px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,563</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 97px; text-align:left;border-color:#000000;min-width:97px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The </font><font style="font-family:Times New Roman;font-size:10pt;">following table presents the various categories of amortization expense for the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">, including deferred financing expense which is reflected as interest expense</font><font style="font-family:Times New Roman;font-size:10pt;">: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amortization Expense</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">For The Years Ended December 31,</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 257px; text-align:center;border-color:#000000;min-width:257px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Definite-lived assets</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 284</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 197</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 246</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Deferred financing expense</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,567</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,912</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,518</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Software costs</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 667</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,100</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,294</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total amortization expense for deferred charges</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:67px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 18px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> and other assets</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 12px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,518</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5,209</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,058</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The following table presents the Company's estimate of amortization expense, for each of the five succeeding years for</font><font style="font-family:Times New Roman;font-size:10pt;">: (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> deferred charges and other assets</font><font style="font-family:Times New Roman;font-size:10pt;">; and (2) definite-lived assets</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="8" style="width: 300px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:300px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Future Amortization Expense</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 94px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Definite-Lived</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:202px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 94px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 94px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Other</font></td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 94px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:94px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Assets</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Years ending December 31,</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="8" style="width: 300px; text-align:center;border-color:#000000;min-width:300px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2012</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,764</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,582</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 182</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,611</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,457</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 154</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,104</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,998</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 106</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,014</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,947</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 67</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,904</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,855</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 49</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Thereafter</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6,252</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5,955</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 297</font></td></tr><tr style="height: 18px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Total</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 22,649</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 21,794</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 855</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">6</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.        </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">OTHER CURRENT AND LONG</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">-</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">TERM LIABILITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Other Current Liabilities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Accrued compensation and o</font><font style="font-family:Times New Roman;font-size:10pt;">ther current </font><font style="font-family:Times New Roman;font-size:10pt;">liabilities c</font><font style="font-family:Times New Roman;font-size:10pt;">onsist of the following</font><font style="font-family:Times New Roman;font-size:10pt;"> as of the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 239px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td colspan="5" style="width: 232px; text-align:center;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Accrued Compensation And Other </font></td></tr><tr style="height: 17px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"> </td><td colspan="5" style="width: 232px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Current Liabilities</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td colspan="5" style="width: 232px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td colspan="2" style="width: 109px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 12px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td colspan="5" style="width: 232px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"> </td><td style="width: 12px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"> </td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accrued compensation</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">6,323</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,803</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accounts receivable credits</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,657</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,909</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Derivative valuation - short-term</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,346</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2,958</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Advertiser obligations</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,067</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,110</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accrued interest payable</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3,130</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">204</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Other</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,159</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,492</font></td></tr><tr style="height: 18px"><td style="width: 239px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:239px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">14,682</font></td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">13,476</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Other Long-Term Liabilities - </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Deferred Rent Liabilities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Under the Company's leases, t</font><font style="font-family:Times New Roman;font-size:10pt;">he Company recognizes: (1) escalated rents, including any rent holidays, on a straight-line basis over the term of the lease for those lease agreements where the Company receives the right to control the use of the entire leased property at the beginning of the lease term; (2) amortization expense over the shorter of the economic lives of the leasehold assets or the lease term, excluding any lease renewals unless the lease renewals are reasonably assured; (3) landlord incentive payments to the Company as deferred rent that is amortized as reductions to lease rent expense over the lease term; and (4) rental costs associated with ground or building operating leases, that are incurred during a construction period, as rental expense. </font><font style="font-family:Times New Roman;font-size:10pt;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> Note 8, Financing Method Lease Obligations, for a discussion of certain leases that could be capitalized at a future time.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       For those leasehold improvements acquired in a business combination or acquired subsequent to lease inception, the amortization period is based on the lesser of the useful life of the leasehold improvements or the period of the lease including all renewal periods that are reasonably assured of exercise at the time of the acquisition. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following table reflects</font><font style="font-family:Times New Roman;font-size:10pt;"> deferred rent liabilities</font><font style="font-family:Times New Roman;font-size:10pt;"> included under other long-term liabilities</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">as of the</font><font style="font-family:Times New Roman;font-size:10pt;"> periods indicated:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"> </td><td colspan="5" style="width: 250px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:250px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Deferred Rent Liabilities</font></td></tr><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"> </td><td colspan="5" style="width: 250px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:250px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, </font></td></tr><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"> </td><td colspan="2" style="width: 121px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 121px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"> </td><td colspan="5" style="width: 250px; text-align:center;border-color:#000000;min-width:250px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td></tr><tr style="height: 17px"><td style="width: 250px; text-align:left;border-color:#000000;min-width:250px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Deferred rent liabilities</font></td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,592</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,401</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">7.       LONG-TERM DEBT</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       Long-term debt</font><font style="font-family:Times New Roman;font-size:10pt;">, including financ</font><font style="font-family:Times New Roman;font-size:10pt;">ing</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">method </font><font style="font-family:Times New Roman;font-size:10pt;">lease obligations</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> comprised of the following</font><font style="font-family:Times New Roman;font-size:10pt;"> as of the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;border-color:#000000;min-width:394px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="5" style="width: 187px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:187px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Long-Term Debt</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="5" style="width: 187px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:187px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td colspan="4" style="width: 178px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:178px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 416px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:416px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Credit Facility</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Revolver, due November 23, 2016 (A)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 10,000</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Term B Loan, due November 23, 2018 (A)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 375,000</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 416px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:416px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Senior Notes</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">10.5% senior unsecured notes, due December 1, 2019 (B)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 220,000</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 416px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:416px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Former Facility</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Revolver, due June 30, 2012 (A)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 365,000</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Term Loan, due June 30, 2012 (A)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 285,000</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 416px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:416px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Financing Method Lease Obligations (C)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 12,610</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 12,610</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Other</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 121</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 148</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Total</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 617,731</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 662,758</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Current amount of long-term debt</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (3,778)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (165,026)</font></td></tr><tr style="height: 17px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unamortized original issue discount</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (2,897)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total long-term debt</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 611,056</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 497,732</font></td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:double;border-top-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:22px;"> </td><td style="width: 394px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:394px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Outstanding standby letter of credit</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 570</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 670</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(A) Senior Debt</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">The Credit Facility</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">On November 23, 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> entered into a new credit agreement with a syndicate of lenders for a </font><font style="font-family:Times New Roman;font-size:10pt;">$425 million senior secured credit facility</font><font style="font-family:Times New Roman;font-size:10pt;"> (the “</font><font style="font-family:Times New Roman;font-size:10pt;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;">”)</font><font style="font-family:Times New Roman;font-size:10pt;">, that is comprised of: (a) a $50 million revolving credit </font><font style="font-family:Times New Roman;font-size:10pt;">facility </font><font style="font-family:Times New Roman;font-size:10pt;">(the “Revolver”) that matures on November </font><font style="font-family:Times New Roman;font-size:10pt;">23</font><font style="font-family:Times New Roman;font-size:10pt;">, 2016; and (b) a $375 million term loan (the “Term B Loan”) that </font><font style="font-family:Times New Roman;font-size:10pt;">matures on November 23, 2018. The Term B Loan </font><font style="font-family:Times New Roman;font-size:10pt;">amortizes in</font><font style="font-family:Times New Roman;font-size:10pt;">: (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> quarterly installments of $0.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million </font><font style="font-family:Times New Roman;font-size:10pt;">with </font><font style="font-family:Times New Roman;font-size:10pt;">the first such payment </font><font style="font-family:Times New Roman;font-size:10pt;">being</font><font style="font-family:Times New Roman;font-size:10pt;"> due and payable on March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">; (2) mandatory prepayments as described below;</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">(3) </font><font style="font-family:Times New Roman;font-size:10pt;">any remaining principal and interest is due at maturity</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> used the proceeds from </font><font style="font-family:Times New Roman;font-size:10pt;">the Revolver, the </font><font style="font-family:Times New Roman;font-size:10pt;">Term B </font><font style="font-family:Times New Roman;font-size:10pt;">Loan </font><font style="font-family:Times New Roman;font-size:10pt;">and the </font><font style="font-family:Times New Roman;font-size:10pt;">issuance of </font><font style="font-family:Times New Roman;font-size:10pt;">10.5% </font><font style="font-family:Times New Roman;font-size:10pt;">senior unsecured notes (the </font><font style="font-family:Times New Roman;font-size:10pt;">“</font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes</font><font style="font-family:Times New Roman;font-size:10pt;">”)</font><font style="font-family:Times New Roman;font-size:10pt;"> to pay all of the outstanding debt under </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> former credit agreement</font><font style="font-family:Times New Roman;font-size:10pt;"> (the “</font><font style="font-family:Times New Roman;font-size:10pt;">Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility</font><font style="font-family:Times New Roman;font-size:10pt;">”)</font><font style="font-family:Times New Roman;font-size:10pt;">, along with transaction costs </font><font style="font-family:Times New Roman;font-size:10pt;">for both</font><font style="font-family:Times New Roman;font-size:10pt;"> the Credit Facility and the </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> expect</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> to use the Revolver to: (1) provide for working capital; and (2) provide for general corporate purposes, including capital expenditures and any or all of the following</font><font style="font-family:Times New Roman;font-size:10pt;"> (subject to certain restrictions)</font><font style="font-family:Times New Roman;font-size:10pt;">: repurchases of Class A common stock, </font><font style="font-family:Times New Roman;font-size:10pt;">repurchases of the Company's Senior Notes, </font><font style="font-family:Times New Roman;font-size:10pt;">dividends</font><font style="font-family:Times New Roman;font-size:10pt;">, investments</font><font style="font-family:Times New Roman;font-size:10pt;"> and acquisitions. The Credit Facility is secured by a pledge of </font><font style="font-family:Times New Roman;font-size:10pt;">100%</font><font style="font-family:Times New Roman;font-size:10pt;"> of the capital stock and other equity interest in all of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> wholly owned subsidiaries. In addition, the Credit Facility is secured by a lien on </font><font style="font-family:Times New Roman;font-size:10pt;">substantially </font><font style="font-family:Times New Roman;font-size:10pt;">all of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> assets, </font><font style="font-family:Times New Roman;font-size:10pt;">with limited exclusions (including</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> real property</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The assets securing the Credit Facility are subject to customary release provisions which would enable the Company to sell such assets free and clear of encumbrance, subject to certain conditions and exceptions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The undrawn amount of the Revolver was </font><font style="font-family:Times New Roman;font-size:10pt;">$39.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million as of December 31, 2011. </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he amount of the Revolver available to </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> a function of covenant compliance at the time of borrowing. Based on </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">financial covenant analysis as of December 31, 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> would </font><font style="font-family:Times New Roman;font-size:10pt;">not</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">be limited </font><font style="font-family:Times New Roman;font-size:10pt;">in</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">these </font><font style="font-family:Times New Roman;font-size:10pt;">borrowings. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The</font><font style="font-family:Times New Roman;font-size:10pt;"> Credit Facility requires </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> to maintain compliance with specific financial covenants.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Specifically, </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Credit</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">requires </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> to comply with certain financial covenants which are defined terms within the agreement, including: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:36px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">a maximum Consolidated Leverage Ratio that cannot exceed 7.25 times through June 30, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">which decreases over time to 4.50 times as of March 31, 2016 and thereafter; and </font><p> </p></li><li style="margin-left:36px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">a minimum </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Interest Coverage R</font><font style="font-family:Times New Roman;font-size:10pt;">atio of 1.5 times through December 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> which increases over time to 2.0 times as of September 30, 2015 and thereafter. </font></li></ul><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Management believes </font><font style="font-family:Times New Roman;font-size:10pt;">that the Company is</font><font style="font-family:Times New Roman;font-size:10pt;"> in compliance with all financial covenants and all other terms of the </font><font style="font-family:Times New Roman;font-size:10pt;">Credit</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility as of December 31, 2011. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company's ability to maintain compliance with its covenants will be highly dependent on its results of operations. A default under the Company's Credit Facility </font><font style="font-family:Times New Roman;font-size:10pt;">or the indenture </font><font style="font-family:Times New Roman;font-size:10pt;">governing</font><font style="font-family:Times New Roman;font-size:10pt;"> the</font><font style="font-family:Times New Roman;font-size:10pt;"> Company's Senior Notes</font><font style="font-family:Times New Roman;font-size:10pt;"> could cause a cross default</font><font style="font-family:Times New Roman;font-size:10pt;">. Any event of default, therefore, could have a material adverse effect on our business and financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       Depending on the Consolidated Leverage Ratio, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> may elect an interest rate per annum equal to: (1) the Eurodollar</font><font style="font-family:Times New Roman;font-size:10pt;"> London Interbank Offered Rate (“LIBOR”)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">interest rate</font><font style="font-family:Times New Roman;font-size:10pt;"> plus fees that can range </font><font style="font-family:Times New Roman;font-size:10pt;">from 4.5% to 5.0% for the Revolver and </font><font style="font-family:Times New Roman;font-size:10pt;">from 4.75% to </font><font style="font-family:Times New Roman;font-size:10pt;">5.0% for the Term B Loan; or (2) the Base Rate plus fees that can range from 3.5% to 4.0% for the Revolver and </font><font style="font-family:Times New Roman;font-size:10pt;">from 3.75% to </font><font style="font-family:Times New Roman;font-size:10pt;">4.0% for the Term B Loan, where the Base Rate is the highest of: (a) the administrative agent's prime rate; (b) the Federal Funds Rate plus 0.5%; or (c) the </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> Rate plus 1.0%. </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he Term B Loan</font><font style="font-family:Times New Roman;font-size:10pt;"> includes a </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> Rate floor of 1.25%.</font><font style="font-family:Times New Roman;font-size:10pt;"> In addition, the Revolver requires the Company to pay a commitment fee of </font><font style="font-family:Times New Roman;font-size:10pt;">0.5% per</font><font style="font-family:Times New Roman;font-size:10pt;"> annum for the unused amount.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The </font><font style="font-family:Times New Roman;font-size:10pt;">Term B Loan </font><font style="font-family:Times New Roman;font-size:10pt;">requires: (1) </font><font style="font-family:Times New Roman;font-size:10pt;">mandatory prepayments equal</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to 50% of Excess Cash Flow, as defined within the agreement, subject to incremental step-downs to 0%, de</font><font style="font-family:Times New Roman;font-size:10pt;">pending on the Consolidated Leverage Ratio</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">(2) </font><font style="font-family:Times New Roman;font-size:10pt;">mandatory prepayments from </font><font style="font-family:Times New Roman;font-size:10pt;">certain</font><font style="font-family:Times New Roman;font-size:10pt;"> events such as the sale of certain property or the issuance of debt.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Management</font><font style="font-family:Times New Roman;font-size:10pt;"> believe</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> that over the next </font><font style="font-family:Times New Roman;font-size:10pt;">12 months </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> can continue to maintain </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> compliance with these covenants. </font><font style="font-family:Times New Roman;font-size:10pt;">Management</font><font style="font-family:Times New Roman;font-size:10pt;"> believe</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> that cash on hand and cash from operating activities, together with available borrowings under the Revolver, will be sufficient to permit </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> to meet </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> liquidity requirements over the next 12 m</font><font style="font-family:Times New Roman;font-size:10pt;">onths, including </font><font style="font-family:Times New Roman;font-size:10pt;">its </font><font style="font-family:Times New Roman;font-size:10pt;">debt repayments. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> operating cash flow remains positive, and </font><font style="font-family:Times New Roman;font-size:10pt;">management</font><font style="font-family:Times New Roman;font-size:10pt;"> believe</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> that it is adequate to fund </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> operating needs. As a result, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> ha</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> not been required to rely upon, and </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> do</font><font style="font-family:Times New Roman;font-size:10pt;">es</font><font style="font-family:Times New Roman;font-size:10pt;"> not anticipate being required to rely upon, the Revolver to fund </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> operations. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> plan</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> to use cash flow from operations to fund the amortization of Term B</font><font style="font-family:Times New Roman;font-size:10pt;"> Loan</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">       </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Failure to comply with the Company's financial covenants or other terms of its Credit Facility and </font><font style="font-family:Times New Roman;font-size:10pt;">any subsequent</font><font style="font-family:Times New Roman;font-size:10pt;"> failure to negotiate and obtain any required relief from its lenders could result in the acceleration of the maturity of all outstanding debt. Under these circumstances, the acceleration of the Company's debt could have a material adverse effect on its business. </font><font style="font-family:Times New Roman;font-size:10pt;">In addition</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company may seek from time to time to amend </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> Credit Facility or obtain other funding or additional funding, which may result in higher interest rates.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> Consolidated Leverage Ratio </font><font style="font-family:Times New Roman;font-size:10pt;">was </font><font style="font-family:Times New Roman;font-size:10pt;">6.0 times and the Consolidated Interest Coverage Ratio was 4.9</font><font style="font-family:Times New Roman;font-size:10pt;"> times</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">For accounting purposes, the Term</font><font style="font-family:Times New Roman;font-size:10pt;"> B Loan was treated as new debt while </font><font style="font-family:Times New Roman;font-size:10pt;">the Revolver was treated as debt </font><font style="font-family:Times New Roman;font-size:10pt;">extinguishment and </font><font style="font-family:Times New Roman;font-size:10pt;">modification. As a result, unamortized deferred financing costs were adjusted during the fourth quarter of 2011 as follows: </font><font style="font-family:Times New Roman;font-size:10pt;">(1) $0.3 million </font><font style="font-family:Times New Roman;font-size:10pt;">under the Former Facility's term loan </font><font style="font-family:Times New Roman;font-size:10pt;">were written off as a net loss on extinguishment of debt; and (2) $0.8 </font><font style="font-family:Times New Roman;font-size:10pt;">million </font><font style="font-family:Times New Roman;font-size:10pt;">under the Former Facility's revolving credit </font><font style="font-family:Times New Roman;font-size:10pt;">were written off as a net loss on extinguishment of debt and $0.3 million of unamortized deferred financing costs </font><font style="font-family:Times New Roman;font-size:10pt;">under the Former Facility's revolving credit </font><font style="font-family:Times New Roman;font-size:10pt;">were deferred (to be amortized on a straight-line basis over the term of the Revolver). In addition, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> recorded new deferred financing costs of: (i) $12.8 million for the Term B Loan that will be amortized under the effective interest rate method over the term; and (ii) $1.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million for the Revolver that will be amortized under the straight-line method over the term. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The weighted average interest rate under the senior debt </font><font style="font-family:Times New Roman;font-size:10pt;">as of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011 and 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, before taking into account the subsequent year's impact of the Company's outstanding derivative interest rate instrument, </font><font style="font-family:Times New Roman;font-size:10pt;">was </font><font style="font-family:Times New Roman;font-size:10pt;">6.30%</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">1.40%</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> respectively</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">T</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">he Company's</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Former Credit </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Agreement</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The Company's Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">consisted</font><font style="font-family:Times New Roman;font-size:10pt;"> of</font><font style="font-family:Times New Roman;font-size:10pt;">:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(1) a revolving credit facility of </font><font style="font-family:Times New Roman;font-size:10pt;">$650</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, of which </font><font style="font-family:Times New Roman;font-size:10pt;">$535.5 million was outstanding and paid in full as of the refinancing on November 23, 2011; and (2) a term loan of $400 million, of which $60.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million was outstanding and paid in full as of the refinancing on November 23, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The </font><font style="font-family:Times New Roman;font-size:10pt;">Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> secured by a pledge of </font><font style="font-family:Times New Roman;font-size:10pt;">100% of the capital stock and other equity interest in all of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> wholly owned subsidiaries. In addition, the </font><font style="font-family:Times New Roman;font-size:10pt;">Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility was secured by a lien on </font><font style="font-family:Times New Roman;font-size:10pt;">substantially </font><font style="font-family:Times New Roman;font-size:10pt;">all of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's assets, </font><font style="font-family:Times New Roman;font-size:10pt;">with limited exclusions (including the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> real property</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">        </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       Key terms of the </font><font style="font-family:Times New Roman;font-size:10pt;">Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility were as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:36px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">Certain financial covenants, which were defined terms within the agreement, required </font><font style="font-family:Times New Roman;font-size:10pt;">the Company </font><font style="font-family:Times New Roman;font-size:10pt;">to comply with: (1) a maximum Consolidated Leverage Ratio </font><font style="font-family:Times New Roman;font-size:10pt;">of</font><font style="font-family:Times New Roman;font-size:10pt;"> 6.0 times; and (2) a minimum </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Interest Coverage Ratio</font><font style="font-family:Times New Roman;font-size:10pt;"> of 2.0 times; and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></li><li style="margin-left:36px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">Depending on the Consolidated Leverage Ratio, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">could elect</font><font style="font-family:Times New Roman;font-size:10pt;"> an interest rate equal to: (1) the </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> Rate plus fees that ranged from 0.5% to 2.5%; or (2) the Base Rate plus fees that ranged from 0% to 1.5%, where the Base Rate was the highest of: (a) the Federal Funds Rate plus 0.5%; (b) the </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> Rate plus 1.0%;</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> (c) the Prime Rate</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></li></ul><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">        </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       T</font><font style="font-family:Times New Roman;font-size:10pt;">he </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;">mendment </font><font style="font-family:Times New Roman;font-size:10pt;">in March 2010 </font><font style="font-family:Times New Roman;font-size:10pt;">to the Former Facility </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> treated as a </font><font style="font-family:Times New Roman;font-size:10pt;">modification to a</font><font style="font-family:Times New Roman;font-size:10pt;"> debt instrument. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">As a result</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> in the first quarter of 2010</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">recorded</font><font style="font-family:Times New Roman;font-size:10pt;"> deferred financing </font><font style="font-family:Times New Roman;font-size:10pt;">costs</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">$5.2 million related to the </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;">mendment which w</font><font style="font-family:Times New Roman;font-size:10pt;">ere</font><font style="font-family:Times New Roman;font-size:10pt;"> amortized over the remaining life of the </font><font style="font-family:Times New Roman;font-size:10pt;">Former</font><font style="font-family:Times New Roman;font-size:10pt;"> Facility on: (1) a straight-line basis for the revolving credit facility; and (2) an effective interest rate method for the term loan. In addition, unamortized deferred financing costs of $3.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million as of the </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;">mendment date were amortized over the remaining life of the Former Facility.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Prior to the Amendment the interest rate was: (</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">) the </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> rate plus a rate that range</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> from </font><font style="font-family:Times New Roman;font-size:10pt;">0.5%</font><font style="font-family:Times New Roman;font-size:10pt;"> to </font><font style="font-family:Times New Roman;font-size:10pt;">1.13%</font><font style="font-family:Times New Roman;font-size:10pt;">; or (</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">) the greater of prime rate plus a rate that range</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> from </font><font style="font-family:Times New Roman;font-size:10pt;">0%</font><font style="font-family:Times New Roman;font-size:10pt;"> to </font><font style="font-family:Times New Roman;font-size:10pt;">0.13% </font><font style="font-family:Times New Roman;font-size:10pt;">or the federal funds rate plus a rate that range</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> from </font><font style="font-family:Times New Roman;font-size:10pt;">0.50%</font><font style="font-family:Times New Roman;font-size:10pt;"> to </font><font style="font-family:Times New Roman;font-size:10pt;">0.63%</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">B</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Senior </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Unsecured Debt</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">The </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Notes</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Simultaneous</font><font style="font-family:Times New Roman;font-size:10pt;">ly</font><font style="font-family:Times New Roman;font-size:10pt;"> with entering into the Credit Facility on November 23, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">issued and sold</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">10.5% unsecured senior notes</font><font style="font-family:Times New Roman;font-size:10pt;">, or </font><font style="font-family:Times New Roman;font-size:10pt;">the Senior Notes</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> that mature on December 1, 2019 in the amount of </font><font style="font-family:Times New Roman;font-size:10pt;">$220.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> received net proceeds </font><font style="font-family:Times New Roman;font-size:10pt;">of $212.7 million, which includes a discount of $2.9 million and </font><font style="font-family:Times New Roman;font-size:10pt;">deferred financing costs of </font><font style="font-family:Times New Roman;font-size:10pt;">$5.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million, will be amortized over the term under the effective interest rate method. As of any reporting period, the amount of any unamortized discount is reflected on the balance sheet as an offset to the </font><font style="font-family:Times New Roman;font-size:10pt;">$220.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million liability. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Interest on the </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes accrues at the rate of </font><font style="font-family:Times New Roman;font-size:10pt;">10.5%</font><font style="font-family:Times New Roman;font-size:10pt;"> per annum and is payable semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2012. The </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes are in minimum denominations of </font><font style="font-family:Times New Roman;font-size:10pt;">$2,000.</font><font style="font-family:Times New Roman;font-size:10pt;"> The </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes may be redeemed at any time on or after December 1, 2015 at a redemption price of </font><font style="font-family:Times New Roman;font-size:10pt;">105.25% of their principal amount plus accrued interest. The redemption price decreases to 102.625% of their principal amount plus accrued interest on or after December 1, 2016 and 100%</font><font style="font-family:Times New Roman;font-size:10pt;"> on or after December 1, 2017. The </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes are unsecured</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> rank: (1) senior in right of payment to </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> future subordinated debt; (2) equally in right of payment with all of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> existing and future senior debt; (3) effectively subordinated to </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> existing and future secured debt (including the debt under </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> Credit Facility), to the extent of the value of the collateral securing such debt; and (4) structurally subordinated to all of the liabilities of </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> subsidiaries that do not guarantee the Senior Notes, to the extent of the assets of those subsidiaries. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">In addition to the parent, Entercom Communications Corp., all of the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">existing </font><font style="font-family:Times New Roman;font-size:10pt;">subsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;"> (other than Entercom Radio, LLC (“Radio”), which </font><font style="font-family:Times New Roman;font-size:10pt;">is a finance subsidiary and </font><font style="font-family:Times New Roman;font-size:10pt;">is the issuer of the Senior Notes),</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">jointly and severally </font><font style="font-family:Times New Roman;font-size:10pt;">guaranteed the </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes. Under certain covenants, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> s</font><font style="font-family:Times New Roman;font-size:10pt;">ubsidiary </font><font style="font-family:Times New Roman;font-size:10pt;">g</font><font style="font-family:Times New Roman;font-size:10pt;">uarantors are restricted from paying dividends or distributions in excess of amounts defined under the </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes, and the </font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">ubsidiary </font><font style="font-family:Times New Roman;font-size:10pt;">g</font><font style="font-family:Times New Roman;font-size:10pt;">uarantors </font><font style="font-family:Times New Roman;font-size:10pt;">are limited in their ability to</font><font style="font-family:Times New Roman;font-size:10pt;"> incur additional indebtedness under certain restrictive covenants.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> See </font><font style="font-family:Times New Roman;font-size:10pt;">Note 19 for financial statements of parent as guarantor.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       A default under </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> Senior Notes could cause a default under </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> Credit Facility. Any event of default, therefore, could have a material adverse effect on </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> business and financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The Company</font><font style="font-family:Times New Roman;font-size:10pt;"> may from time to time seek to repurchase and retire </font><font style="font-family:Times New Roman;font-size:10pt;">its </font><font style="font-family:Times New Roman;font-size:10pt;">outstanding debt through open market purchases, privately negotiated transactions or otherwise. Such repurchases, if any, will depend on prevailing market conditions, </font><font style="font-family:Times New Roman;font-size:10pt;">the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">7.625% Senior Subordinated Notes</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">In March 2002,</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;">he Company issued $</font><font style="font-family:Times New Roman;font-size:10pt;">150.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million </font><font style="font-family:Times New Roman;font-size:10pt;">in </font><font style="font-family:Times New Roman;font-size:10pt;">7.625% </font><font style="font-family:Times New Roman;font-size:10pt;">senior subordinated </font><font style="font-family:Times New Roman;font-size:10pt;">Notes</font><font style="font-family:Times New Roman;font-size:10pt;"> (“7.625% Notes”)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">due March 1, 2014 </font><font style="font-family:Times New Roman;font-size:10pt;">and received net proceeds of $</font><font style="font-family:Times New Roman;font-size:10pt;">145.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million. There w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">4.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million in deferred offering costs recorded in connection with the sale, which </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">amortized to interest expense over the life of the </font><font style="font-family:Times New Roman;font-size:10pt;">7.625% </font><font style="font-family:Times New Roman;font-size:10pt;">Notes using the effective interest rate method. Interest on the </font><font style="font-family:Times New Roman;font-size:10pt;">7.625% </font><font style="font-family:Times New Roman;font-size:10pt;">Notes accrue</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> at the rate of </font><font style="font-family:Times New Roman;font-size:10pt;">7.625%</font><font style="font-family:Times New Roman;font-size:10pt;"> per annum</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> The </font><font style="font-family:Times New Roman;font-size:10pt;">7.625% </font><font style="font-family:Times New Roman;font-size:10pt;">Notes </font><font style="font-family:Times New Roman;font-size:10pt;">were</font><font style="font-family:Times New Roman;font-size:10pt;"> unsecured and rank</font><font style="font-family:Times New Roman;font-size:10pt;">ed</font><font style="font-family:Times New Roman;font-size:10pt;"> junior to the Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> senior indebtedness. In addition to the parent, Entercom Communications Corp., </font><font style="font-family:Times New Roman;font-size:10pt;">all</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">ubsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;"> (other than Radio, which was the issuer of the 7.625% Notes)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">fully and unconditionally guaranteed jointly and severally these </font><font style="font-family:Times New Roman;font-size:10pt;">7.625% </font><font style="font-family:Times New Roman;font-size:10pt;">Notes (see Note </font><font style="font-family:Times New Roman;font-size:10pt;">7</font><font style="font-family:Times New Roman;font-size:10pt;"> (</font><font style="font-family:Times New Roman;font-size:10pt;">I</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> Guarantor </font><font style="font-family:Times New Roman;font-size:10pt;">And Non-Guarantor </font><font style="font-family:Times New Roman;font-size:10pt;">Financial Information).</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Effective March 1, 2010, the 7.625% Notes were redeemable at a redemption price of 100.0% of their principal amount plus accrued interest.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">C</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Debt Extinguishment</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table presents</font><font style="font-family:Times New Roman;font-size:10pt;"> for the periods </font><font style="font-family:Times New Roman;font-size:10pt;">indicated</font><font style="font-family:Times New Roman;font-size:10pt;"> the amount </font><font style="font-family:Times New Roman;font-size:10pt;">of gain or loss </font><font style="font-family:Times New Roman;font-size:10pt;">recorded on </font><font style="font-family:Times New Roman;font-size:10pt;">debt extinguishment</font><font style="font-family:Times New Roman;font-size:10pt;"> along with the amount of debt that was retired early</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="8" style="width: 259px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:259px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Debt Extinguishment</font></td></tr><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="8" style="width: 259px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:259px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31,</font></td></tr><tr style="height: 16px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="8" style="width: 259px; text-align:center;border-color:#000000;min-width:259px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td></tr><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Write-off of unamortized deferred financing costs</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,144</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 62</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 844</font></td></tr><tr style="height: 17px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Gain on debt extinguishment</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (21,649)</font></td></tr><tr style="height: 18px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net (gain) loss on debt extinguishment</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,144</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 62</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (20,805)</font></td></tr><tr style="height: 18px"><td style="width: 326px; text-align:left;border-color:#000000;min-width:326px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:68px;"> </td></tr><tr style="height: 18px"><td style="width: 326px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:326px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amount of debt retired early</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 595,500</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6,579</font></td><td style="width: 11px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:11px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 68px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 76,921</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">D</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Net Interest Expense</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The components of net interest expense are as follows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 330px; text-align:left;border-color:#000000;min-width:330px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 289px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:289px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net Interest Expense</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 289px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:289px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31,</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td colspan="8" style="width: 289px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:289px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"> </td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest expense</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 14,790</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 13,624</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 15,221</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amortization of deferred financing costs</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,567</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,912</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,518</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amortization of original issue discount of senior notes</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 25</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest expense on interest rate hedging</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6,568</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 12,974</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 14,490</font></td></tr><tr style="height: 17px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest income and other investment income</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (31)</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (19)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (58)</font></td></tr><tr style="height: 18px"><td style="width: 330px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:330px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Total net interest expense</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 24,919</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 30,491</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 31,171</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">E</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Financing</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Method Lease Obligations</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">In September 2009, the</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Company </font><font style="font-family:Times New Roman;font-size:10pt;">entered into an agreement to sell certain tower facilities and lease back most of the</font><font style="font-family:Times New Roman;font-size:10pt;">se</font><font style="font-family:Times New Roman;font-size:10pt;"> tower sites for use by the Company's radio stations. This transaction is accounted for under the financ</font><font style="font-family:Times New Roman;font-size:10pt;">ing</font><font style="font-family:Times New Roman;font-size:10pt;"> method as described more fully under Note 8.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">F</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) Interest Rate Transactions</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company enters into interest rate transactions </font><font style="font-family:Times New Roman;font-size:10pt;">from time to time </font><font style="font-family:Times New Roman;font-size:10pt;">with different </font><font style="font-family:Times New Roman;font-size:10pt;">lenders</font><font style="font-family:Times New Roman;font-size:10pt;"> to diversify its risk associated with interest rate fluctuations </font><font style="font-family:Times New Roman;font-size:10pt;">of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> variable rate debt</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">See </font><font style="font-family:Times New Roman;font-size:10pt;">Note </font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">the accounting for these transactions</font><font style="font-family:Times New Roman;font-size:10pt;">. Under these transactions, the Company agrees with other parties (participating members of the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">senior credit facilities</font><font style="font-family:Times New Roman;font-size:10pt;">) to exchange, at specified intervals, the difference between fixed rate and floating rate interest amounts calculated by reference to an agreed notional principal amount against the variable debt. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company's credit exposure under these hedging agreements, or similar agreements the Company may enter into in the future, is the cost of replacing such agreements in the event of nonperformance by the Company's counterparty. To minimize this risk, the Company selects high credit quality counterparties. For those interest rate transactions with the same counterparty, a master netting agreement exists which</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> under certain circumstances, </font><font style="font-family:Times New Roman;font-size:10pt;">allows </font><font style="font-family:Times New Roman;font-size:10pt;">the Company and the counterparty to settle financial assets and liabilities on a net basis.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">G</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) Aggregate Principal Maturities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The minimum a</font><font style="font-family:Times New Roman;font-size:10pt;">ggregate principal maturities on the Company's outstanding </font><font style="font-family:Times New Roman;font-size:10pt;">debt are as follow</font><font style="font-family:Times New Roman;font-size:10pt;">s:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td colspan="15" style="width: 466px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:466px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Principal Debt Maturities</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Finance</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Method</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td colspan="2" style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Credit</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Senior</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Lease</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Facility</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Notes</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Obligations</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Other</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 16px"><td style="width: 197px; text-align:left;border-color:#000000;min-width:197px;"> </td><td colspan="15" style="width: 466px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:466px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Years ending December 31: </font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2012</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,750</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 29</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,779</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,750</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 12,610</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 30</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 16,390</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,750</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 28</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,778</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,750</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,755</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 13px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 13,750</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 13,755</font></td></tr><tr style="height: 17px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Thereafter</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 356,250</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 220,000</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 24</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 576,274</font></td></tr><tr style="height: 18px"><td style="width: 197px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Total</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 385,000</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 220,000</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 12,610</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 121</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 617,731</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">H</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) Outstanding Letters Of Credit</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company is required to maintain a </font><font style="font-family:Times New Roman;font-size:10pt;">standby </font><font style="font-family:Times New Roman;font-size:10pt;">letter of credit, primarily in connection with insurance coverage as described in Note 19. </font><font style="font-family:Times New Roman;font-size:10pt;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> Note 7 for the amount of the </font><font style="font-family:Times New Roman;font-size:10pt;">outstanding </font><font style="font-family:Times New Roman;font-size:10pt;">standby </font><font style="font-family:Times New Roman;font-size:10pt;">letter of credit</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">I</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) Guarantor and Non-Guarantor Financial Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Radio</font><font style="font-family:Times New Roman;font-size:10pt;">, which is a wholly</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">owned subsidiary of Entercom Communications Corp., holds the ownership interest in various subsidiary companies that own the operating assets, including broadcasting licenses, permits</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> authorizations. Radio</font><font style="font-family:Times New Roman;font-size:10pt;"> (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> is the borrower </font><font style="font-family:Times New Roman;font-size:10pt;">under the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">as </font><font style="font-family:Times New Roman;font-size:10pt;">described in Note </font><font style="font-family:Times New Roman;font-size:10pt;">7(A)</font><font style="font-family:Times New Roman;font-size:10pt;">; and (2) </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> the </font><font style="font-family:Times New Roman;font-size:10pt;">issuer</font><font style="font-family:Times New Roman;font-size:10pt;"> of the </font><font style="font-family:Times New Roman;font-size:10pt;">Senior Notes</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">as </font><font style="font-family:Times New Roman;font-size:10pt;">described in Note </font><font style="font-family:Times New Roman;font-size:10pt;">7(B</font><font style="font-family:Times New Roman;font-size:10pt;">). Entercom Communications Corp. and each direct and indirect subsidiar</font><font style="font-family:Times New Roman;font-size:10pt;">y</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">of</font><font style="font-family:Times New Roman;font-size:10pt;"> Radio </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> a guarantor </font><font style="font-family:Times New Roman;font-size:10pt;">of Radio's obligations </font><font style="font-family:Times New Roman;font-size:10pt;">under </font><font style="font-family:Times New Roman;font-size:10pt;">both the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Senior Notes</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Separate condensed consolidating financial information is not included as Entercom Communications Corp. does not have independent assets or operations, Radio is a 100% owned finance subsidiary of Entercom Communications Corp., and all guarantees by Entercom Communications Corp. and its subsidiaries are full, unconditional</font><font style="font-family:Times New Roman;font-size:10pt;"> (subject to the customary automatic release provisions)</font><font style="font-family:Times New Roman;font-size:10pt;">, joint and several</font><font style="font-family:Times New Roman;font-size:10pt;"> under its </font><font style="font-family:Times New Roman;font-size:10pt;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">are</font><font style="font-family:Times New Roman;font-size:10pt;"> full, unconditional, joint and several under its </font><font style="font-family:Times New Roman;font-size:10pt;">Senior Notes.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Under the </font><font style="font-family:Times New Roman;font-size:10pt;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;">, Radio is permitted to make distributions to Entercom Communications Corp. in amounts as defined, which </font><font style="font-family:Times New Roman;font-size:10pt;">are</font><font style="font-family:Times New Roman;font-size:10pt;"> required to pay Entercom Communications Corp.'s reasonable overhead costs, including income taxes and other costs associated with conducting the operations of Radio and its subsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The </font><font style="font-family:Times New Roman;font-size:10pt;">similar concepts</font><font style="font-family:Times New Roman;font-size:10pt;"> applied to the </font><font style="font-family:Times New Roman;font-size:10pt;">Former Facility.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Under the </font><font style="font-family:Times New Roman;font-size:10pt;">indenture </font><font style="font-family:Times New Roman;font-size:10pt;">governing the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Senior</font><font style="font-family:Times New Roman;font-size:10pt;"> Notes</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">Radio </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> permitted</font><font style="font-family:Times New Roman;font-size:10pt;"> to make distributions to Entercom Communications Corp. in amounts, as defined, that </font><font style="font-family:Times New Roman;font-size:10pt;">are</font><font style="font-family:Times New Roman;font-size:10pt;"> required to pay Entercom Communications Corp's overhead costs and other costs associated with conducting the operations of Radio and its subsidiaries.</font><font style="font-family:Times New Roman;font-size:10pt;"> The </font><font style="font-family:Times New Roman;font-size:10pt;">similar concepts</font><font style="font-family:Times New Roman;font-size:10pt;"> applied to the 7.625% Notes. </font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">8</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">FINANCING METHOD LEASE OBLIGATIONS</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">During the fourth quarter of 2009, the Company completed the sale of</font><font style="font-family:Times New Roman;font-size:10pt;"> certain tower facilities for </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">12.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million in cash</font><font style="font-family:Times New Roman;font-size:10pt;">. At the same time, the Company entered into leases</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for space on the towers at most of these sites </font><font style="font-family:Times New Roman;font-size:10pt;">for use by the Company's radio stations. The Company classified th</font><font style="font-family:Times New Roman;font-size:10pt;">is transaction under the financing</font><font style="font-family:Times New Roman;font-size:10pt;"> method as the agreement provides for an earn-out whereby the Company can receive additional cash consideration </font><font style="font-family:Times New Roman;font-size:10pt;">of</font><font style="font-family:Times New Roman;font-size:10pt;"> up to $</font><font style="font-family:Times New Roman;font-size:10pt;">2.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million after </font><font style="font-family:Times New Roman;font-size:10pt;">42</font><font style="font-family:Times New Roman;font-size:10pt;"> months</font><font style="font-family:Times New Roman;font-size:10pt;">, depending </font><font style="font-family:Times New Roman;font-size:10pt;">on whether </font><font style="font-family:Times New Roman;font-size:10pt;">the buyer meets certain revenue targets. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">        </font><font style="font-family:Times New Roman;font-size:10pt;">The sale </font><font style="font-family:Times New Roman;font-size:10pt;">did not qualify for sale</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">leaseback accounting </font><font style="font-family:Times New Roman;font-size:10pt;">as the Company's ability to share in </font><font style="font-family:Times New Roman;font-size:10pt;">a </font><font style="font-family:Times New Roman;font-size:10pt;">future earn-out is considered continuing involvement under accounting guidance.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Under the financing method</font><font style="font-family:Times New Roman;font-size:10pt;">: (1)</font><font style="font-family:Times New Roman;font-size:10pt;"> the assets </font><font style="font-family:Times New Roman;font-size:10pt;">and accumulated depreciation </font><font style="font-family:Times New Roman;font-size:10pt;">remain on the consolidated balance sheet</font><font style="font-family:Times New Roman;font-size:10pt;"> and continue to be depreciated</font><font style="font-family:Times New Roman;font-size:10pt;">; (2)</font><font style="font-family:Times New Roman;font-size:10pt;"> no gain is recognized</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(3) </font><font style="font-family:Times New Roman;font-size:10pt;">proceeds </font><font style="font-family:Times New Roman;font-size:10pt;">of $</font><font style="font-family:Times New Roman;font-size:10pt;">12.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million </font><font style="font-family:Times New Roman;font-size:10pt;">received by the Company</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">from these transactions are recorded as a financing liability</font><font style="font-family:Times New Roman;font-size:10pt;">; and (4) </font><font style="font-family:Times New Roman;font-size:10pt;">transaction </font><font style="font-family:Times New Roman;font-size:10pt;">costs </font><font style="font-family:Times New Roman;font-size:10pt;">of $</font><font style="font-family:Times New Roman;font-size:10pt;">0.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million </font><font style="font-family:Times New Roman;font-size:10pt;">are recorded as deferred financing expense</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> which </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> amortized over </font><font style="font-family:Times New Roman;font-size:10pt;">42</font><font style="font-family:Times New Roman;font-size:10pt;"> months</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">Payments under these leases </font><font style="font-family:Times New Roman;font-size:10pt;">over the partial lease term of </font><font style="font-family:Times New Roman;font-size:10pt;">42</font><font style="font-family:Times New Roman;font-size:10pt;"> months</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are applied as payments of imputed interest </font><font style="font-family:Times New Roman;font-size:10pt;">at an approximate interest rate of </font><font style="font-family:Times New Roman;font-size:10pt;">5.5%</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Once the Company has no continuing involvement, the Company expects to apply the accounting provisions for sale and leaseback accounting</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The earn-out component of this transaction will enable the Company to participate in the upside potential of these sites as the new owner (whose primary business </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">managing tower sites) is better suited to maximize the value of these site</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> through new third</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">party tenants.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table presents future minimum </font><font style="font-family:Times New Roman;font-size:10pt;">interest </font><font style="font-family:Times New Roman;font-size:10pt;">and principal </font><font style="font-family:Times New Roman;font-size:10pt;">payments</font><font style="font-family:Times New Roman;font-size:10pt;"> and future minimum lease payments</font><font style="font-family:Times New Roman;font-size:10pt;"> due under financing method leases:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td colspan="11" style="width: 367px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:367px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Financing Method Lease Obligations</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td colspan="11" style="width: 367px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:367px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2011</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Minimum</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Lease</font></td></tr><tr style="height: 16px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Principal</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Payments</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"> </td><td colspan="11" style="width: 367px; text-align:center;border-color:#000000;min-width:367px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Years ending December 31,</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2012</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 747</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 747</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">747</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,610</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 385</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,995</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">771</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">794</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">818</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">842</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Thereafter</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 18,951</font></td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total financing method lease obligations</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,610</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,132</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13,742</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 17px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Less current portion</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 747</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 747</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 18px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long term financing method lease obligations, net</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,610</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 385</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,995</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td></tr><tr style="height: 19px"><td style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total minimum lease payments</font></td><td style="width: 13px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 69px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 22,923</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The following table presents property and equipment held under financing method leases, by major category</font><font style="font-family:Times New Roman;font-size:10pt;">, which represent components of property and equipment included in the balance sheet under property and equipment</font><font style="font-family:Times New Roman;font-size:10pt;">, as of </font><font style="font-family:Times New Roman;font-size:10pt;">the periods presented</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 436px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:436px;"> </td><td colspan="5" style="width: 235px; text-align:center;border-color:#000000;min-width:235px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net Property And Equipment</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td colspan="5" style="width: 235px; text-align:center;border-color:#000000;min-width:235px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Held Under Finance Method </font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td colspan="5" style="width: 235px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:235px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Lease Obligations</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td colspan="5" style="width: 235px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:235px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td colspan="2" style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td colspan="5" style="width: 235px; text-align:center;border-color:#000000;min-width:235px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:left;border-color:#000000;min-width:98px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 111px; text-align:center;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Land and land improvements</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 843</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 843</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Building</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 358</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 358</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Leasehold improvements</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 11</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 11</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Equipment</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,863</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,863</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Leasehold premium</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 885</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 885</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,960</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,960</font></td></tr><tr style="height: 17px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Less accumulated depreciation</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (4,593)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (4,394)</font></td></tr><tr style="height: 18px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Property and equipment held under financing method leases, net</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 98px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,367</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 98px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:98px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,566</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">See</font><font style="font-family:Times New Roman;font-size:10pt;"> Note 7 for the amount of financing method lease obligations outstanding as of December 31, 2011 and 2010.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">The following table presents, for the periods indicated, the amount of: (1) depreciation expense attributable to assets held under financing method leases; and (2) the interest expense associated with financing method lease obligations: </font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"> </td><td colspan="8" style="width: 159px; text-align:center;border-color:#000000;min-width:159px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended</font></td></tr><tr style="height: 17px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"> </td><td colspan="8" style="width: 159px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:159px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"> </td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"> </td><td colspan="8" style="width: 159px; text-align:center;border-color:#000000;min-width:159px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 18px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest expense for financing method lease obligations</font></td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 60px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 719</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 701</font></td></tr><tr style="height: 19px"><td style="width: 410px; text-align:left;border-color:#000000;min-width:410px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Depreciation expense attributable to assets held under financing method</font></td><td style="width: 13px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 60px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 199</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 214</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">9</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.       DERIVATIVE AND HEDGING ACTIVITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company from time to time enters into derivative financial instruments, including interest rate </font><font style="font-family:Times New Roman;font-size:10pt;">hedging transactions</font><font style="font-family:Times New Roman;font-size:10pt;">, to manage its exposure to fluctuations in interest rates under the Company's variable rate </font><font style="font-family:Times New Roman;font-size:10pt;">debt</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Accounting For Derivative Instruments And Hedging Activities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company recognizes at fair value all derivatives, whether designated in hedging relationships or not, in the balance sheet as either assets or liabilities. The accounting for changes in the fair value of a derivative, including certain derivative instruments embedded in other contracts, depends on the intended use of the derivative and the resulting designation. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged item are recognized in the statement of operations. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in other comprehensive income and are recognized in the statement of operations when the hedged item affects net income. If a derivative does not qualify as a hedge, it is marked to fair value through the statement of operations. Any fees associated with these derivatives are amortized over their term. Under these derivatives, the differentials to be received or paid are recognized as an adjustment to interest expense over the life of the contract. In the event the cash flow hedges are terminated early, any amount previously included in comprehensive income (loss) would be reclassified as interest expense to the statement of operations as the forecasted transaction settles. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedge transactions. This process includes ongoing effectiveness assessments by relating all derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company's derivative activities, all of which are for purposes other than trading, are initiated within the guidelines of corporate risk-management policies. The Company reviews the correlation and effectiveness of its derivatives on a periodic basis.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The fair value of these derivatives is determined using observable market based inputs (a </font><font style="font-family:Times New Roman;font-size:10pt;">L</font><font style="font-family:Times New Roman;font-size:10pt;">evel </font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> measurement</font><font style="font-family:Times New Roman;font-size:10pt;">, as described in Note </font><font style="font-family:Times New Roman;font-size:10pt;">17</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> and the impact of credit risk on a derivative's fair value (the creditworthiness of the transaction's counterparty for assets and the creditworthiness of the Company for liabilities). </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       As of December 31, 2011 and 2010, the Company had outstanding the aggregate notional amounts of </font><font style="font-family:Times New Roman;font-size:10pt;">$100.0 million and $475.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively, of interest rate transactions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The following </font><font style="font-family:Times New Roman;font-size:10pt;">table </font><font style="font-family:Times New Roman;font-size:10pt;">provides the details of the interest rate transaction outstanding as of December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Type</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Fixed</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Notional</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Effective</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">LIBOR</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Expiration </font></td></tr><tr style="height: 16px"><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Hedge</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Rate</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td></tr><tr style="height: 16px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(in millions)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:left;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:left;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 100.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">May 28, 2008</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">3.62%</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">May 28, 2012</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Hedge Accounting Treatment</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">During the period of </font><font style="font-family:Times New Roman;font-size:10pt;">an interest rate</font><font style="font-family:Times New Roman;font-size:10pt;"> hedging relationship, the Company's variable rate debt </font><font style="font-family:Times New Roman;font-size:10pt;">is expected to be</font><font style="font-family:Times New Roman;font-size:10pt;"> greater than the notional amount of the derivative rate hedging transactions. These transactions are tied to the one-month </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> interest rate. Under a fixed rate swap, the Company pays a fixed rate on a notional amount to the </font><font style="font-family:Times New Roman;font-size:10pt;">counterparty</font><font style="font-family:Times New Roman;font-size:10pt;">, and the </font><font style="font-family:Times New Roman;font-size:10pt;">counterparty</font><font style="font-family:Times New Roman;font-size:10pt;"> pays to the Company a variable rate on the notional amount equal to the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> borrowing rate. A </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">ollar establishes two separate agreements: an upper limit, or </font><font style="font-family:Times New Roman;font-size:10pt;">c</font><font style="font-family:Times New Roman;font-size:10pt;">ap, and a lower limit, or </font><font style="font-family:Times New Roman;font-size:10pt;">f</font><font style="font-family:Times New Roman;font-size:10pt;">loor, for the Company's </font><font style="font-family:Times New Roman;font-size:10pt;">LIBOR</font><font style="font-family:Times New Roman;font-size:10pt;"> borrowing rate. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">All of the Company's interest rate transactions entered into in 2008 received hedge accounting treatment</font><font style="font-family:Times New Roman;font-size:10pt;">, which treatment continued </font><font style="font-family:Times New Roman;font-size:10pt;">throughout their term</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for all hedges other than the hedge with an expiration date of May 28, 2012. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">In connection with the refinancing on November 23, 2011 (see Note </font><font style="font-family:Times New Roman;font-size:10pt;">7</font><font style="font-family:Times New Roman;font-size:10pt;">(A</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">, th</font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> hedge</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which </font><font style="font-family:Times New Roman;font-size:10pt;">was not terminated, </font><font style="font-family:Times New Roman;font-size:10pt;">no longer received hedge accounting treatment as the hedge</font><font style="font-family:Times New Roman;font-size:10pt;"> was </font><font style="font-family:Times New Roman;font-size:10pt;">not</font><font style="font-family:Times New Roman;font-size:10pt;"> effective</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">due to</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the refinancing</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> As a result, the Company reclassified as of November 23, 2011 all amounts remaining in accumulated other comprehensive income to the </font><font style="font-family:Times New Roman;font-size:10pt;">statement of operations</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Non-</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Hedge Accounting Treatment</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       For the interest rate transaction with an expiration date of May 28, 2</font><font style="font-family:Times New Roman;font-size:10pt;">012, the Company recognized non-</font><font style="font-family:Times New Roman;font-size:10pt;">hedge accounting treatment covering the period from November 23, 2011 through December </font><font style="font-family:Times New Roman;font-size:10pt;">31</font><font style="font-family:Times New Roman;font-size:10pt;">, 2011. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following tables include t</font><font style="font-family:Times New Roman;font-size:10pt;">hose </font><font style="font-family:Times New Roman;font-size:10pt;">derivatives </font><font style="font-family:Times New Roman;font-size:10pt;">that expired during the </font><font style="font-family:Times New Roman;font-size:10pt;">periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="12" style="width: 543px; text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expired Derivatives</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 543px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31, 2011</font></td></tr><tr style="height: 17px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Type</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fixed</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Notional</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Effective</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">LIBOR</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expiration </font></td></tr><tr style="height: 17px"><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Hedge</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Collar</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Rate</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td></tr><tr style="height: 16px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(in millions)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 150.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">January 28, 2008</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">n/a</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3.03%</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">January 28, 2011</font></td></tr><tr style="height: 17px"><td rowspan="2" style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Collar</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td rowspan="2" style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 100.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td rowspan="2" style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">February 28, 2008</font></td><td rowspan="2" style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">[</font></td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Cap</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.00%</font></td><td rowspan="2" style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">]</font></td><td rowspan="2" style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">February 28, 2011</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Floor</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2.14%</font></td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">0</font></td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 125.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 28, 2008</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">n/a</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2.91%</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">September 28, 2011</font></td></tr><tr style="height: 18px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 375.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 18px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td colspan="12" style="width: 543px; text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expired Derivatives</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 543px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31, 2010</font></td></tr><tr style="height: 17px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Type</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fixed</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Notional</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Effective</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">LIBOR</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expiration </font></td></tr><tr style="height: 17px"><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Hedge</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Collar</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Rate</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td></tr><tr style="height: 17px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(in millions)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 18px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 75.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">January 28, 2008</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">n/a</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3.03%</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">January 28, 2010</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following is a summary of the gains (losses) related to the Company's cash flow hedges for the </font><font style="font-family:Times New Roman;font-size:10pt;">periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="8" style="width: 290px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:290px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31,</font></td></tr><tr style="height: 15px"><td style="width: 315px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Description</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:center;border-color:#000000;min-width:315px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="5" style="width: 190px; text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Type Of Derivative Designated As A Cash Flow Hedge </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Rate</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Rate</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Rate</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amount Of Gain (Loss) Recognized In OCI</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,643</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,155</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,830</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Location Of Gain (Loss) Reclassified From</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:82px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Accumulated OCI To Statement Of Operations</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amount Of Gain (Loss) Reclassified From </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:82px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Accumulated OCI To Statement Of Operations</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,634)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Location Of Gain (Loss) In Statement Of Operations</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 91px; text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Interest Expense</font></td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Amount Of Gain (Loss) In Statement Of Operations</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:82px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 17px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Due To Ineffectiveness</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 288</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he gains and losses were recorded</font><font style="font-family:Times New Roman;font-size:10pt;"> to the statement of </font><font style="font-family:Times New Roman;font-size:10pt;">comprehensive income (loss)</font><font style="font-family:Times New Roman;font-size:10pt;"> as these derivatives </font><font style="font-family:Times New Roman;font-size:10pt;">qualified for hedge accounting treatment</font><font style="font-family:Times New Roman;font-size:10pt;"> (exce</font><font style="font-family:Times New Roman;font-size:10pt;">pt as disclosed above under Non-</font><font style="font-family:Times New Roman;font-size:10pt;">Hedge Accounting Treatment). S</font><font style="font-family:Times New Roman;font-size:10pt;">ee Note 14 for the net change in the fair value. </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of these derivatives was determined using observable market-based inputs (a </font><font style="font-family:Times New Roman;font-size:10pt;">L</font><font style="font-family:Times New Roman;font-size:10pt;">evel </font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> measurement</font><font style="font-family:Times New Roman;font-size:10pt;"> as described under Note 17</font><font style="font-family:Times New Roman;font-size:10pt;">) and the impact of </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">credit risk on a derivative's fair value (the creditworthiness of the transaction's counterparty for assets and the creditworthiness of the Company for liabilities). </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">As of November 23, 2011 the remaining amount in accumulated other comprehensive income related to these derivatives w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> reclassified to the statement of operations</font><font style="font-family:Times New Roman;font-size:10pt;"> for the reasons described above</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       The following table presents the </font><font style="font-family:Times New Roman;font-size:10pt;">accumulated </font><font style="font-family:Times New Roman;font-size:10pt;">derivative gain (loss) recorded in the statements of </font><font style="font-family:Times New Roman;font-size:10pt;">other </font><font style="font-family:Times New Roman;font-size:10pt;">comprehensive income (loss) </font><font style="font-family:Times New Roman;font-size:10pt;">as of </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td colspan="8" style="width: 373px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value Of Accumulated Derivatives Balance Outstanding</font></td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td colspan="8" style="width: 373px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 18px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td colspan="2" style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="2" style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="2" style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td colspan="8" style="width: 373px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Assets (Liabilities)</font></td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:103px;"> </td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td colspan="8" style="width: 373px; text-align:center;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"> </td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Beginning balance as of January 1</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (7,277)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (13,432)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(15,262)</font></td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Net unrealized gain (loss) on derivatives,</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; text-align:right;border-color:#000000;min-width:103px;"> </td></tr><tr style="height: 17px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> net of taxes (benefit)</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,277</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,155</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,830</font></td></tr><tr style="height: 18px"><td style="width: 246px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:246px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Ending balance</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (7,277)</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 103px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(13,432)</font></td></tr><tr style="height: 18px"><td style="width: 246px; text-align:left;border-color:#000000;min-width:246px;"> </td><td style="width: 12px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:103px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 103px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:103px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The following is a summary of the fair value</font><font style="font-family:Times New Roman;font-size:10pt;"> of the derivatives outstanding as of the periods indicated</font><font style="font-family:Times New Roman;font-size:10pt;">: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 163px; text-align:left;border-color:#000000;min-width:163px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:186px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 163px; text-align:left;border-color:#000000;min-width:163px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:186px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 163px; text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Balance Sheet</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 163px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Location</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:186px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Asset (Liability)</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"> </td><td style="width: 163px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:163px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:186px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts in thousands)</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Designated Derivatives</font></td><td style="width: 163px; text-align:center;border-color:#000000;min-width:163px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest rate hedge transactions</font></td><td style="width: 163px; text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Current liabilities</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (1,346)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (2,958)</font></td></tr><tr style="height: 17px"><td style="width: 202px; text-align:left;border-color:#000000;min-width:202px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest rate hedge transactions</font></td><td style="width: 163px; text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Other long-term liabilities</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (4,319)</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Type</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Fixed</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Notional</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Effective</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">LIBOR</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Expiration </font></td></tr><tr style="height: 16px"><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Hedge</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Rate</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td></tr><tr style="height: 16px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(in millions)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:left;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 16px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:left;border-color:#000000;min-width:122px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 100.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">May 28, 2008</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:right;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">3.62%</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 122px; text-align:center;border-color:#000000;min-width:122px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">May 28, 2012</font></td></tr></table></div>
2008-05-28
100000000
0.0362
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="12" style="width: 543px; text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expired Derivatives</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 543px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:543px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31, 2011</font></td></tr><tr style="height: 17px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Type</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fixed</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Notional</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Effective</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">LIBOR</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Expiration </font></td></tr><tr style="height: 17px"><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Hedge</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:48px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Collar</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Rate</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:123px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Date</font></td></tr><tr style="height: 16px"><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(amounts</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(in millions)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:left;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 123px; text-align:left;border-color:#000000;min-width:123px;"> </td></tr><tr style="height: 17px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Swap</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 150.0</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 107px; text-align:cent