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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Fair Value of Financial Instruments [Abstract]

Pension Plan Assets Measured At Fair Value on Recurring Basis

The following tables represent the Company's pension plan assets measured at fair value on a recurring basis as of December 31, 2011 and 2010:

	Fair Value Measurements at December 31, 2011
				Quoted		Significant
				Prices in Active		Other		Significant
				Markets for		Observable		Unobservable
				Identical Assets		Inputs		Inputs
($ in thousands)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Cash Equivalents	$	34,087	$	-	$	34,087	$	-
U.S. Government Obligations		120,802		-		120,802		-
Corporate and Other Obligations		323,075		-		323,075		-
Common Stock		251,776		251,776		-		-
Commingled Funds		99,063		-		61,869		37,194
Common/Collective Trust Funds		8,606		-		8,606		-
Interest in Registered Investment Companies		253,752		83,667		170,085		-
Interest in Limited Partnerships		104,033		-		-		104,033
Insurance Contracts		805		-		805		-
Other		141		-		141		-
Total investments, at fair value	$	1,196,140	$	335,443	$	719,470	$	141,227
Receivable for Plan Assets of Acquired Business		51,634
Receivable for Earnings on Plan Assets of Acquired Business		8,869
Interest and Dividends Receivable		2,835
Due from Broker for Securities Sold		30,085
Receivable Associated with Insurance Contract		7,727
Due to Broker for Securities Purchased		(39,300)
Total Plan Assets, at Fair Value	$	1,257,990

	Fair Value Measurements at December 31, 2010
				Quoted		Significant
				Prices in Active		Other		Significant
				Markets for		Observable		Unobservable
				Identical Assets		Inputs		Inputs
($ in thousands)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Cash Equivalents	$	46,637	$	-	$	46,637	$	-
U.S. Government Obligations		144,390		-		144,390		-
Corporate and Other Obligations		262,390		-		262,390		-
Common Stock		226,369		226,369		-		-
Commingled Funds		107,200		-		69,822		37,378
Common/Collective Trust Funds		38,092		-		38,092		-
Interest in Registered Investment Companies		268,694		103,472		165,222		-
Interest in Limited Partnerships		42,635		-		-		42,635
Insurance Contracts		900		-		900		-
Other		(494)		-		(494)		-
Total investments, at fair value	$	1,136,813	$	329,841	$	726,959	$	80,013
Receivable for Plan Assets of Acquired Business		142,472
Receivable for Earnings on Plan Assets of Acquired Business		24,453
Interest and Dividends Receivable		2,669
Due from Broker for Securities Sold		16,780
Receivable Associated with Insurance Contract		7,400
Due to Broker for Securities Purchased		(40,313)
Total Plan Assets, at Fair Value	$	1,290,274

Changes in Fair Value of Plan's Level 3 Assets

The table below sets forth a summary of changes in the fair value of the Plan's Level 3 assets for the years ended December 31, 2011 and 2010:

	For the year ended December 31, 2011
		Interest in
		Limited		Commingled
($ in thousands)		Partnerships		Funds
Balance, beginning of year	$	42,635	$	37,378
Realized gains/(losses)		1,598		12
Unrealized gains/(losses)		305		(196)
Purchases and (sales), net		59,495		-
Balance, end of year	$	104,033	$	37,194

	For the year ended December 31, 2010
		Interest in
		Limited		Commingled
($ in thousands)		Partnerships		Funds
Balance, beginning of year		$ 29,727		$ 13,922
Realized gains/(losses)		(246)		-
Unrealized gains		1,531		2,456
Purchases and (sales), net		11,623		21,000
Balance, end of year		$ 42,635		$ 37,378

Redemption of the Plan's Level 3 Investments

The following table provides further information regarding the redemption of the Plan's Level 3 investments as of December 31, 2011:

Fair

Value

Redemption

Redemption

Liquidation

($ in thousands)

Frequency

Notice Period

Period

Commingled Funds

JPM Multi-Strat II C-A Ser 11-07 (a)

$

37,194

Quarterly

65 Days

NA

Interest in Limited Partnerships

Morgan Stanley Institutional Cayman Fund LP (b)

30,954

Quarterly

60 Days

NA

MS IFHF SVP LP Cayman (b)

5,904

Through liquidation of underlying investments

None

2 years

MS IFHF SVP LP Alpha (b)

3,204

Through liquidation of underlying investments

None

2 years

RII World Timberfund, LLC (c)

5,851

Through liquidation of underlying investments

None

10 years

100 Comm Drive, LLC (d)

6,505

Through liquidation of underlying investments

None

NA

100 CTE Drive, LLC (d)

4,805

Through liquidation of underlying investments

None

NA

6430 Oakbrook Parkway LLC (d)

21,005

Through liquidation of underlying investments

None

NA

8001 West Jefferson, LLC (d)

25,805

Through liquidation of underlying investments

None

NA

Total Interest in Limited Partnerships

$

104,033

(a) The fund's investment objective is to generate long-term capital appreciation with relatively low volatility and a low correlation with traditional equity and fixed-income markets. The fund seeks to accomplish this objective by allocating its assets primarily among a select group of experienced portfolio managers that invest in a variety of markets, either through the medium of investment funds or through discretionary managed accounts.

(b) The partnership investment objective is to seek capital appreciation principally through investing in investment funds managed by third party investment managers who employ a variety of alternative investment strategies.

(c) The partnership's objective is to realize substantial long-term capital appreciation by investing in timberland properties primarily in South America, New Zealand and Australia.

(d) The partnership invests in commercial real estate properties that are leased to the Company. The leases are triple net, whereby the Company is responsible for all expenses, including but not limited to, insurance, repairs and maintenance and payment of property taxes.

Fair Value of Financial Instruments

The following table summarizes the carrying amounts and estimated fair values for certain of our financial instruments at December 31, 2011 and 2010. For the other financial instruments, representing cash, accounts receivables, long-term debt due within one year, accounts payable and other accrued liabilities, the carrying amounts approximate fair value due to the relatively short maturities of those instruments. Other equity method investments, for which market values are not readily available, are carried at cost, which approximates fair value.

($ in thousands)	2011				2010
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Long-term debt	$ 8,205,841		$ 7,958,873		$ 7,983,614		$ 8,376,515

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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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, 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, issuances, 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.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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-Publisher FASB

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