Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Summary Of Financial Assets And Liabilities Accounted For At Fair Value

The table below sets forth, by level, the Company’s financial assets and liabilities that are recorded at fair value in the accompanying condensed consolidated balance sheet:



	Fair Value at September 30, 2012
	Total		Level 1		Level 2			Level 3
	(In thousands)
Assets
Investments in marketable securities	$	106,794	$	58,109	$	48,685		$	—
Derivatives	54,532		40,884		(47		)	13,695
Total assets	$	161,326	$	98,993	$	48,638		$	13,695
Liabilities:
Derivatives	$	3,498	$	—	$	1,912		$	1,586

Summary Of Change In The Fair Values Of Financial Instruments Categorized As Level 3

The following table summarizes the change in the fair values of financial instruments categorized as level 3.



	Three Months Ended September 30, 2012			Nine Months Ended September 30, 2012
Balance, beginning of period	$	5,109		$	6,211
Realized and unrealized losses recognized in earnings, net	4,265			(7,331		)
Realized and unrealized losses recognized in other comprehensive income, net	—			—
Purchases	2,869			14,598
Issuances	—			—
Settlements	(134		)	(1,369		)
Ending balance	$	12,109		$	12,109

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details