Investments

9 Months Ended

Sep. 30, 2011

Investments [Abstract]

INVESTMENTS

NOTE 6: 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 (losses) gains, net from the sale of securities were $(872) and $0 for the three months ended September 30, 2011 and 2010, respectively. Realized (losses) gains, net from the sale of securities were $(2,340) and $33 for the nine months ended September 30, 2011 and 2010, respectively. Proceeds from the sale of available-for-sale securities were $43,182 and $35,624 during the nine months ended September 30, 2011 and 2010, respectively.

The Company has deferred compensation plans that enable certain employees to defer receipt of a portion of their cash or share-based compensation and non-employee directors to defer receipt of director fees at the participants’ discretion. For deferred cash-based compensation, the Company established a rabbi trust that is recorded at the fair value of the underlying securities within securities and other investments. The related deferred compensation liability is recorded at fair value within other long-term liabilities. Realized and unrealized gains and losses on marketable securities in the rabbi trust are recognized in investment income.

The Company’s investments, excluding cash surrender value of insurance contracts of $65,840 and $67,975 as of September 30, 2011 and December 31, 2010, respectively, consist of the following:

	Cost Basis		Unrealized Gain (Loss)			Fair Value
As of September 30, 2011
Short-term investments:
Certificates of deposit	$	199,908	$	—		$	199,908
U.S. dollar indexed bond funds		13,480		2,008			15,488
	$	213,388	$	2,008		$	215,396
Long-term investments:
Assets held in a rabbi trust	$	7,582	$	(782	)	$	6,800
As of December 31, 2010
Short-term investments:
Certificates of deposit	$	221,706	$	—		$	221,706
U.S. dollar indexed bond funds		52,714		(1,297	)		51,417
	$	274,420	$	(1,297	)	$	273,123
Long-term investments:
Assets held in a rabbi trust	$	8,068	$	95		$	8,163