FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements [Abstract]

Financial Assets and Liabilities that are Recorded at Fair Value and Classified Based on the Lowest Level of Input

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at June 30, 2012 and December 31, 2011, which are classified as “Cash and cash equivalents,” “Prepaid expenses and other current assets,” “Other noncurrent assets, net,” “Accrued liabilities,” and “Other noncurrent liabilities” on the consolidated balance sheets.  Financial assets and liabilities that are recorded at fair value as of the balance sheet date are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	June 30, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Interest rate swaps	$	5,661	$	—	$	5,661	$	—
Cross currency interest rate swaps	31,494		—		31,494		—
Foreign exchange forward contracts	10,569		—		10,569		—
Corporate convertible bonds	68,396		—		—		68,396
Total assets	$	116,120	$	—	$	47,724	$	68,396
Liabilities
Interest rate swaps	$	2,318	$	—	$	2,318	$	—
Commodity forward purchase contracts	109		—		109		—
Cross currency interest rate swaps	185,723		—		185,723		—
Foreign exchange forward contracts	2,772		—		2,772		—
Long term debt	154,895		—		154,895		—
Contingent considerations on acquisitions	823		—		—		823
DIO equity option contracts	580		—		—		580
Total liabilities	$	347,220	$	—	$	345,817	$	1,403

	December 31, 2011
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Money market funds	$	10,516	$	10,516	$	—	$	—
Interest rate swaps	5,699		—		5,699		—
Commodity forward purchase contracts	15		—		15		—
Cross currency interest rate swaps	19,838		—		19,838		—
Foreign exchange forward contracts	8,303		—		8,303		—
Corporate convertible bonds	47,850		—		—		47,850
Total assets	$	92,221	$	10,516	$	33,855	$	47,850
Liabilities
Interest rate swaps	$	1,631	$	—	$	1,631	$	—
Commodity forward purchase contracts	259		—		259		—
Cross currency interest rate swaps	199,454		—		199,454		—
Foreign exchange forward contracts	3,898		—		3,898		—
Long term debt	154,512		—		154,512		—
Contingent considerations on acquisitions	2,917		—		—		2,917
DIO equity option contracts	419		—		—		419
Total liabilities	$	363,090	$	—	$	359,754	$	3,336

Reconciliation of the Company's Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Level 3):

The following table presents a reconciliation of the Company’s level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in thousands)	Corporate Convertible Bonds			DIO Equity Options Contracts			Contingent Considerations
Balance at December 31, 2011	$	47,850		$	(424	)	$	2,917
Payments, gross	—			—			(1,781		)
Adjustments:
Reported in selling, general and administrative expense	—			—			(326		)
Unrealized gain:
Reported in AOCI	22,023			—			—
Unrealized loss:
Reported in other expense (income), net	—			(178		)	—
Effects of exchange rate changes	(1,477		)	14			13
Balance at June 30, 2012	$	68,396		$	(588	)	$	823