Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Carrying Amount And Estimated Fair Value Of Financial Instruments


	2011				2010
(DOLLARS IN THOUSANDS)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents⁽¹⁾	$	88,279	$	88,279	$	131,332	$	131,332
Credit facilities and bank overdrafts⁽²⁾		158,971		158,971		61,396		61,396
Japanese yen note⁽³⁾		—		—		22,274		22,274
Long-term debt:⁽⁴⁾
Senior notes — 2007		500,000		617,000		500,000		585,000
Senior notes — 2006		225,000		250,000		325,000		357,000

(1)	The carrying amount of cash and cash equivalents approximates fair value due to the short maturity of those instruments.

(2)	The carrying amount of our credit facilities and bank overdrafts approximates fair value as the interest rate is based on current market rates as well as the short maturity of those instruments.

(3)	The carrying amount of the Japanese yen note approximates fair value due to its short maturity.

(4)	The fair value of our long-term debt was calculated using discounted cash flows applying current interest rates and current credit spreads based on our own credit risk.

Derivative Instruments Notional Amount Outstanding


(DOLLARS IN THOUSANDS)	December 31, 2011		December 31, 2010
Forward currency contracts	$	147,078	$	104,108
Interest rate swaps	$	100,000	$	122,274

Derivative Instruments Measured At Fair Value


	December 31, 2011
	Fair Value of Derivatives Designated as Hedging Instruments			Fair Value of Derivatives Not Designated as Hedging Instruments			Total Fair Value
Derivative assets^(a)
Foreign currency contracts	$	9,333		$	5,473		$	14,806
Interest rate swaps		286			—			286

	$	9,619		$	5,473		$	15,092

Derivative liabilities^(b)
Foreign currency contracts	$	(3,368	)	$	(2,054	)	$	(5,422	)


	December 31, 2010
	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Derivative assets^(a)
Foreign currency contracts	$	2,984	$	1,491	$	4,475
Interest rate swaps		112		—		112

	$	3,096	$	1,491	$	4,587

Derivative liabilities^(b)
Foreign currency contracts	$	7,086	$	9,276	$	16,362
Interest rate swaps		348		—		348

	$	7,434	$	9,276	$	16,710

(a)	Derivative assets are recorded to Prepaid expenses and other current assets in the Consolidated Balance Sheet.

(b)	Derivative liabilities are recorded as Other current liabilities in the Consolidated Balance Sheet.

Derivative Instruments Which Were Not Designated As Hedging Instruments


Derivatives Not Designated as Hedging Instruments under ASC 815	Amount of Gain or (Loss) For the years ended December 31,					Location of Gain or (Loss) Recognized in Income on Derivative
	2011			2010
Foreign currency contract	$	(2,451	)	$	8,233		Other expense, net

Derivative Instruments Designated As Cash Flow And Net Investment Hedging Instruments


	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)					Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
	For the years ended December 31,							For the years ended December 31,
	2011		2010					2011			2010
Derivatives in Cash Flow Hedging Relationships:
Cross currency swap⁽¹⁾	$	1,206	$	(539	)		Other expense, net	$	(2,467	)	$	(1,593	)
Forward currency contract		7,179		(894	)		Cost of goods sold		(5,156	)		(216	)

Derivatives in Net Investment Hedging Relationships:
Forward currency contract		265		(3,788	)		N/A		—			—

Total	$	8,650	$	(5,221	)			$	(7,623	)	$	(1,809	)

(1)	Ten year swap executed in 2003.

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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