Fair Value Measurements

9 Months Ended

Sep. 30, 2011

Fair Value Measurements [Abstract]

Fair Value Measurements

Fair Value Measurements - Pursuant to ASC 820, the inputs used to derive the fair value of assets and liabilities are analyzed and assigned a level of I, II or III, with level I being the highest and level III being the lowest in the hierarchy. Level I inputs are quoted prices in active markets for identical assets or liabilities. Level II inputs are quoted prices for similar assets or liabilities in active markets: quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level III inputs are based on valuations derived from valuation techniques in which one or more significant inputs are unobservable.

The following table provides a summary of the Company's assets and liabilities that are measured on a recurring basis (in thousands):

				Basis for Fair Value Measurements at Reporting Date
				Quoted Prices in Active Markets for Identical Assets /  (Liabilities)		Significant Other Observable Inputs			Significant Other Unobservable Inputs
	Total			Level I		Level II			Level III
September 30, 2011
Foreign currency forward contracts-net	$	(877	)	$	0	$	(877	)	$	0
Interest rate swaps		(533	)		0		(533	)		0
December 31, 2010
Foreign currency forward contracts-net	$	955		$	0	$	955		$	0

Forward Contracts: The Company operates internationally and as a result is exposed to foreign currency fluctuations. Specifically, the exposure includes intercompany trade receivables/payables and loans as well as third party and intercompany sales or purchases. In an attempt to reduce this exposure, foreign currency forward contracts are utilized and accounted for as hedging instruments. The forward contracts are used to hedge various currencies. The Company does not use derivative financial instruments for speculative purposes. Fair values for the Company's foreign exchange forward contracts are based on quoted market prices for contracts with similar maturities.

The carrying amounts and fair values of the Company's financial instruments at September 30, 2011 and December 31, 2010 are as follows (in thousands):

	September 30, 2011						December 31, 2010
	Carrying Value			Fair Value			Carrying Value			Fair Value
Cash and cash equivalents	$	41,280		$	41,280		$	48,462		$	48,462
Other investments		1,578			1,578			1,588			1,588
Installment receivables, net		7,234			7,234			5,672			5,672
Long-term debt (including current maturities of long-term debt) *		(295,729	)		(295,819	)		(246,064	)		(264,382	)
Foreign currency forward contracts in other current assets		1,099			1,099			2,884			2,884
Interest rate swap agreements in accrued expenses		(533	)		(533	)		0			0
Foreign currency forward contracts in accrued expenses		(1,976	)		(1,976	)		(1,929	)		(1,929	)

* The carrying amounts and fair values exclude convertible debt classified as equity in accordance with FSP APB 14-1 ($4,132,000 and $25,137,000 as of September 30, 2011 and December 31, 2010, respectively).