Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instrument Fair Values in Consolidated Balance Sheets

The following table presents the location and amounts of derivative instrument fair values in the Consolidated Balance Sheets:

(Assets)/liabilities	December 31, 2011				December 31, 2012
Designated as hedging instruments	Accrued liabilities	$	(6,214	)	Accrued liabilities	$	1,510
Not designated as hedging instruments	Accrued liabilities	$	345		Accrued liabilities	$	(245	)

Gains and Losses on Derivative Instruments in Consolidated Statement of Income

The following table presents the location and amount of gains and losses on derivative instruments in the Consolidated Statements of Income:

Derivatives Designated as Cash Flow Hedges	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Amount of Gain  (Loss) Reclassified from Cumulative Other Comprehensive Loss into Income (Effective Portion)			Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Year ended Dec. 31, 2010	$	(1,795	)	$	(692	)	$	47
Year ended Dec. 31, 2011	$	4,563		$	(4,626	)	$	(367	)
Year ended Dec. 31, 2012	$	(1,770	)	$	5,699		$	256

Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives
Year ended Dec. 31, 2010	Other income (expense)	$	(758	)
Year ended Dec. 31, 2011	Other income (expense)	$	212
Year ended Dec. 31, 2012	Other income (expense)	$	590

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2011 and 2012:

Foreign Exchange Contracts	Total Derivative (Assets) Liabilities			Quoted Prices in Active Markets for Identical Assets Level (1)	Significant Other Observable Inputs Level (2)			Significant Unobservable Inputs Level (3)
December 31, 2011	$	(5,869	)		$	(5,869	)
December 31, 2012	$	1,265			$	1,265

Carrying Amounts and Fair Values of Financial Instruments

The fair value of the Company’s debt was based upon prices of similar instruments in the marketplace. The carrying amounts and fair values of the Company’s financial instruments were as follows:

	December 31, 2011						December 31, 2012
	Carrying Amount			Fair Value Measurements Using Quoted Prices in Active Markets for Identical Instruments Level (1)			Carrying Amount			Fair Value Measurements Using Quoted Prices in Active Markets for Identical Instruments Level (1)
Cash and cash equivalents	$	233,710		$	233,710		$	351,817		$	351,817
Notes receivable		71,661			71,661			47,646			47,646
Restricted cash		2,475			2,475			7,741			7,741
Notes payable		(131,651	)		(131,651	)		(32,836	)		(32,836	)
Current portion of long-term debt		(21,199	)		(21,199	)		(2,319	)		(2,319	)
Long-term debt		(329,496	)		(325,596	)		(336,142	)		(360,142	)