NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2011

Reconciliation of redeemable noncontrolling interests

A reconciliation of redeemable noncontrolling interests for the year ended December 31, 2011 is as follows (in thousands):



	2011
Balance, December 31, 2010	$	45,751
Net income attributable to noncontrolling interests	2,760
Fair value adjustments⁽¹⁾	91,743
Purchase of subsidiary shares at fair value⁽¹⁾	(12,986		)
Currency translation adjustments	(223		)
Balance, December 31, 2011	$	127,045

_____________________________

(1) The estimated fair value was based upon standard valuation techniques using discounted cash flow analysis and industry peer comparable analysis. The fair value adjustments are recorded as a charge to retained earnings.

A reconciliation of redeemable noncontrolling interests for the year ended December 31, 2010 is as follows (in thousands):



	2010
Balance, December 31, 2009	$	—
Fair value at acquisition⁽¹⁾	29,520
Sale of subsidiary shares at fair value⁽²⁾	4,311
Net income attributable to noncontrolling interests	601
Fair value adjustments⁽³⁾	7,876
Currency translation adjustments	3,443
Balance, December 31, 2010	$	45,751

_____________________________


(1)	The fair value was determined based on the price paid at acquisition.


(2)	The Company retained a controlling interest after the sale of the subsidiary shares in June 2010.


(3)	The estimated fair value was based upon standard valuation techniques using discounted cash flow analysis and industry peer comparable analysis. The fair value adjustments were recorded as charges to additional paid-in capital or retained earnings.

- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 44

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 25

-Appendix A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 41

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 42

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details