XML 58 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2012
Assets Measured at Fair Value on a Recurring Basis, Categorized by the Level of Inputs Used in the Valuation
As of March 31, 2012, the value of these instruments was de minimis.
 
(Dollars in thousands)
 
Carrying amount as of March 31, 2012
 
Level 1
 
Level 2
 
Level 3
Foreign currency option contracts
  $ 1     $ -     $ 1     $ -  
Copper derivative contracts
    (21 )     -       (21 )     -
Assets and Liabilities Measured at Fair Value on Non Recurring Basis
The following table presents information about our assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2012, aggregated by the level in the fair value hierarchy within which those measurements fall.  This asset represents our Richmond, Virginia facility for which we signed an agreement to sell in the first quarter of 2012.  We have written this asset down to the agreed upon sale price less costs to sell.
 
(Dollars in thousands)
 
Carrying amount as of March 31, 2012
 
Level 1
 
Level 2
 
Level 3
Asset held for sale
  $ 1,400     $ -     $ 1,400     $ -
Reconciliation of Assets Measured at Fair Value on a Recurring Basis using Unobservable Inputs (Level 3)
The reconciliation of our assets measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:
 
(Dollars in thousands)
 
Auction Rate Securities
Balance at December 31, 2011
  $ 25,960  
Cash received for redemptions at par
    -  
Cash received for redemptions below par
    (25,438 )
Reclassified from other comprehensive income
    2,723  
Reported in earnings
    (3,245 )
Balance at March 31, 2012
  $ -
Rollforward of Credit Losses Recognized in Earnings
Below is a roll forward of credit losses recognized in earnings for the three months ended March 31, 2011:
 
(Dollars in thousands)
     
   
Credit Losses
Balance at December 31, 2010
  $ 917  
Credit losses recorded
    -  
Reduction in credit losses due to redemptions
    (2
Balance at March 31, 2011
  $ 915