Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Assets and Liabilities Recorded at Fair Market Value

Assets and liabilities subject to fair value measurement are as follows:



	December 31, 2011								December 31, 2010
			Fair Value Measurements Using								Fair Value Measurements Using
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets
Short-term investments:
Certificates of deposit	$	269,033	$	269,033	$	—	$	—	$	221,706	$	221,706	$	—	$	—
U.S. dollar indexed bond funds	17,820		—		17,820		—		51,417		—		51,417		—
Assets held in a rabbi trust	7,170		7,170		—		—		8,163		8,163		—		—
Foreign exchange forward contracts	2,193		—		2,193		—		925		—		925		—
Contingent consideration on sale of business	—		—		—		—		2,030		—		—		2,030
Total	$	296,216	$	276,203	$	20,013	$	—	$	284,241	$	229,869	$	52,342	$	2,030

Liabilities
Deferred compensation	$	7,170	$	7,170	$	—	$	—	$	8,163	$	8,163	$	—	$	—
Foreign exchange forward contracts	1,983		—		1,983		—		4,060		—		4,060		—
Interest rate swaps	3,796		—		3,796		—		3,371		—		3,371		—
Total	$	12,949	$	7,170	$	5,779	$	—	$	15,594	$	8,163	$	7,431	$	—

Changes in fair value of the Company's level 3 assets

The following table summarizes the changes in fair value of the Company’s level 3 assets:



	2011			2010
Balance, January 1	$	2,030		$	2,386
Cash collections	(2,520		)	(1,815		)
Fair value adjustments	490			1,459
Balance, December 31	$	—		$	2,030

Fair value and carrying value of the Company's debt instruments

The fair value and carrying value of the Company’s debt instruments are summarized as follows:



	December 31, 2011				December 31, 2010
	Fair Value		Carrying Value		Fair Value		Carrying Value
Notes payable	$	21,722	$	21,722	$	15,038	$	15,038
Long-term debt	612,551		606,154		565,499		550,368
Total debt instruments	$	634,273	$	627,876	$	580,537	$	565,406

- 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, 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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- Definition

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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