FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 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 March 31, 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.

	March 31, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Money market funds	$	7,932	$	7,932	$	—	$	—
Interest rate swaps	5,744		—		5,744		—
Commodity forward purchase contracts	521		—		521		—
Cross currency interest rate swaps	4,160		—		4,160		—
Foreign exchange forward contracts	7,687		—		7,687		—
Corporate convertible bonds	82,340		—		—		82,340
Total assets	$	108,384	$	7,932	$	18,112	$	82,340
Liabilities
Interest rate swaps	$	1,925	$	—	$	1,925	$	—
Cross currency interest rate swaps	216,023		—		216,023		—
Foreign exchange forward contracts	2,628		—		2,628		—
Long term debt	154,801		—		154,801		—
Contingent considerations on acquisitions	1,201		—		—		1,201
DIO equity option contracts	706		—		—		706
Total liabilities	$	377,284	$	—	$	375,377	$	1,907

	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	$	419	$	2,917
Payments, gross	—		—		(1,781		)
Unrealized gain:
Reported in AOCI	32,001		—		—
Unrealized loss:
Reported in Other expense (income), net	—		271		—
Effects of exchange rate changes	2,489		16		65
Balance at March 31, 2012	$	82,340	$	706	$	1,201