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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Fair Value Measurements
The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis:
 
 
 
Basis of Fair Value Measurements
 
 
 
Quoted
Prices in
Active
Markets for
Identical
Assets /
Liabilities
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
June 30, 2012
 

 
Level 1
 
Level 2
 
Level 3
Assets:
 

 
 

 
 

 
 

Interest rate swaps
$
65,218

 
$

 
$
65,218

 
$

Trading securities
48,434

 
48,434

 

 

Cash surrender value of life insurance policies
23,487

 

 
23,487

 

Available-for-sale equity securities
1,048

 

 

 
1,048

Foreign currency forward contracts
77

 

 
77

 

Total
$
138,264

 
$
48,434

 
$
88,782

 
$
1,048

 
 
 
 
 
 
 
 
Liabilities:
 

 
 

 
 

 
 

Deferred compensation liabilities
$
76,192

 
$

 
$
76,192

 
$

Foreign currency forward contracts
459

 

 
459

 

Total
$
76,651

 
$

 
$
76,651

 
$

 
 
 
Basis of Fair Value Measurements
 
 
 
Quoted
Prices in
Active
Markets for
Identical
Assets /
Liabilities
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
December 31, 2011
 

 
Level 1
 
Level 2
 
Level 3
Assets:
 

 
 
 
 
 
 
Interest rate swaps
$
56,520

 
$

 
$
56,520

 
$

Trading securities
46,926

 
46,926

 

 

Cash surrender value of life insurance policies
20,936

 

 
20,936

 

Available-for-sale equity securities
646

 

 

 
646

Foreign currency forward contracts
180

 

 
180

 

Total
$
125,208

 
$
46,926

 
$
77,636

 
$
646

 
 
 
 
 
 
 
 
Liabilities:
 

 
 

 
 

 
 

Deferred compensation liabilities
$
71,688

 
$

 
$
71,688

 
$

Foreign currency forward contracts
1,648

 

 
1,648

 

Total
$
73,336

 
$

 
$
73,336

 
$