Quarterly report pursuant to Section 13 or 15(d)

COMPREHENSIVE INCOME

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COMPREHENSIVE INCOME
6 Months Ended
Jun. 30, 2011
COMPREHENSIVE INCOME [Abstract]  
COMPREHENSIVE INCOME
NOTE 14     COMPREHENSIVE INCOME
 
The Company follows the provisions of FASB ASC 220-10-55 which establishes standards for reporting comprehensive income.  In addition to net income, comprehensive income includes all changes in equity during a period, except those resulting from investments and distributions to shareholders of the Company.
 
For the periods indicated, comprehensive income consisted of the following:

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2011
   
2010
   
2011
   
2010
 
Net Income
 
$
20,432,900
   
$
6,120,866
   
$
13,375,058
   
$
7,680,496
 
Unrealized gains on Marketable Securities (net of tax of $404,000 and $331,000 for the three months ended  June 30, 2011 and 2010 and $109,000 and $459,000 for the six months ended June 30, 2011 and 2010)
   
630,761
     
529,516
     
173,846
     
725,981
 
Reclassification of derivative instruments included in income (net of tax of $111,000 and $106,000 for the three months ended  June 30, 2011 and 2010 and $212,000 and $195,000 for the six months ended June 30, 2011 and 2010)
   
172,800
     
167,950
 
   
341,950
     
308,050
 
Comprehensive income net
 
$
21,236,461
   
$
6,818,332
 
 
$
13,890,854
   
$
8,714,527