Investments

3 Months Ended

Mar. 31, 2012

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

INVESTMENTS

The Company’s investments, primarily in Brazil, consist of certificates of deposit and U.S. dollar indexed bond funds, which are classified as available-for-sale and stated at fair value based upon quoted market prices and net asset values, respectively. Unrealized gains and losses are recorded in OCI. Realized gains and losses are recognized in investment income and are determined using the specific identification method. Realized gains (losses), net from the sale of securities were $328 and $(164) for the three months ended March 31, 2012 and 2011, respectively. Proceeds from the sale of available-for-sale securities were $5,808 and $7,117 during the three months ended March 31, 2012 and 2011, respectively.

The Company’s investments, excluding cash surrender value of insurance contracts of $67,068 and $67,699 as of March 31, 2012 and December 31, 2011, respectively, consist of the following:

	Cost Basis		Unrealized Gain (Loss)			Fair Value
As of March 31, 2012
Short-term investments:
Certificates of deposit	$	264,896	$	—		$	264,896
U.S. dollar indexed bond funds	34,561		594			35,155
	$	299,457	$	594		$	300,051
Long-term investments:
Assets held in a rabbi trust	$	7,302	$	506		$	7,808
As of December 31, 2011
Short-term investments:
Certificates of deposit	$	269,033	$	—		$	269,033
U.S. dollar indexed bond funds	16,482		1,338			17,820
	$	285,515	$	1,338		$	286,853
Long-term investments:
Assets held in a rabbi trust	$	7,428	$	(258	)	$	7,170