Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of September 30, 2012 and December 31, 2011 (in thousands):



	Balance as of September 30, 2012		Fair Value Measurements as of September 30, 2012
	Balance as of September 30, 2012		Level 1		Level 2		Level 3
Assets:
Cash surrender value of life insurance	$	18,850	$	—	$	18,850	$	—
Total Assets	$	18,850	$	—	$	18,850	$	—
Liabilities:
Contingent consideration liabilities	$	92,282	$	—	$	—	$	92,282
Deferred compensation liabilities	18,766		—		18,766		—
Interest rate swaps	17,257		—		17,257		—
Total Liabilities	$	128,305	$	—	$	36,023	$	92,282



	Balance as of December 31, 2011		Fair Value Measurements as of December 31, 2011
	Balance as of December 31, 2011		Level 1		Level 2		Level 3
Assets:
Cash surrender value of life insurance	$	13,413	$	—	$	13,413	$	—
Total Assets	$	13,413	$	—	$	13,413	$	—
Liabilities:
Contingent consideration liabilities	$	82,382	$	—	$	—	$	82,382
Deferred compensation liabilities	14,071		—		14,071		—
Interest rate swaps	10,576		—		10,576		—
Total Liabilities	$	107,029	$	—	$	24,647	$	82,382

Significant Unobservable Inputs Used In Fair Value Measurements

The significant unobservable inputs used in the fair value measurements of our Level 3 contingent consideration liabilities were as follows:



Unobservable Input	September 30, 2012 Weighted Average		December 31, 2011 Weighted Average
Probability of achieving payout targets	80.7	%	78.1	%
Discount rate	6.5	%	3.0	%

Changes In Fair Value Of Contingent Consideration Obligations

Changes in the fair value of our contingent consideration obligations for the three and nine month periods ended September 30, 2012 and 2011 were as follows (in thousands):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012			2011
Beginning balance	$	88,037	$	985	$	82,382		$	2,000
Contingent consideration liabilities recorded for business acquisitions	—		700		5,540			1,300
Payments	—		—		(600		)	—
Loss (gain) included in earnings	1,892		—		1,787			(1,615		)
Exchange rate effects	2,353		—		3,173			—
Ending balance	$	92,282	$	1,685	$	92,282		$	1,685

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability.

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