DALLAS, March 29 /PRNewswire-FirstCall/ -- GAINSCO, INC. today reported net income and net income available to common shareholders for the fourth quarter 2006 of $5.1 million, or $0.21 per common share, basic and diluted (including the favorable impact of a deferred tax benefit, discussed below, of $5.5 million, or $0.23 per share, basic and diluted). This compares to fourth quarter 2005 net income of $5.5 million and net income available to common shareholders of $4.9 million, or $0.23 per common share, basic and diluted (including the favorable impact of a deferred tax benefit of $3.6 million, or $0.17 per share, basic and diluted).For the year ended December 31, 2006, net income was $11.4 million versus $8.9 million for the year ended December 31, 2005.....
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