Investments

3 Months Ended

Mar. 31, 2014

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 AOCI. Realized gains and losses are recognized in investment income and are determined using the specific identification method. Realized gain from the sale of securities were $50 and $86 for the three months endedMarch 31, 2014 and 2013, respectively. Proceeds from the sale of available-for-sale securities were $305 and $3,854 during the three months endedMarch 31, 2014 and 2013, respectively.

The Company’s investments, excluding cash surrender value of insurance contracts of $71,423 and $72,214 as of March 31, 2014 and December 31, 2013, respectively, consisted of the following:

	Cost Basis		Unrealized Gain		Fair Value
As of March 31, 2014
Short-term investments:
Certificates of deposit	$	169,652	$	—	$	169,652
U.S. dollar indexed bond funds	38,301		1,064		39,365
	$	207,953	$	1,064	$	209,017
Long-term investments:
Assets held in a rabbi trust	$	9,738	$	423	$	10,161
As of December 31, 2013
Short-term investments:
Certificates of deposit	$	215,010	$	—	$	215,010
U.S. dollar indexed bond funds	25,263		2,715		27,978
	$	240,273	$	2,715	$	242,988
Long-term investments:
Assets held in a rabbi trust	$	10,085	$	292	$	10,377