RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2011

RETIREMENT AND DEFERRED COMPENSATION PLAN

Change in the projected benefit obligation, plan assets at fair value and funded status

	Domestic Plans						Foreign Plans
	2011			2010			2011			2010
Change in benefit obligation:
Benefit obligation at beginning of year	$	86,186		$	71,666		$	46,673		$	45,330
Service cost		5,436			4,675			2,018			1,677
Interest cost		4,504			4,106			2,518			2,369
Plan amendments		—			—			—			193
Curtailment/Settlement		—			—			(1,052	)		—
Actuarial loss		18,873			8,484			1,984			2,703
Benefits paid		(3,052	)		(2,745	)		(1,509	)		(3,096	)
Foreign currency translation adjustment		—			—			(1,878	)		(2,503	)
Benefit obligation at end of year	$	111,947		$	86,186		$	48,754		$	46,673

	Domestic Plans						Foreign Plans
	2011			2010			2011			2010
Change in plan assets:
Fair value of plan assets at beginning of year	$	60,442		$	49,247		$	38,383		$	33,793
Actual return on plan assets		(1,141	)		6,169			(310	)		813
Employer contribution		12,288			7,771			5,478			8,659
Settlements		—			—			(1,052	)		—
Benefits paid		(3,052	)		(2,745	)		(1,509	)		(3,096	)
Foreign currency translation adjustment		—			—			(1,155	)		(1,786	)
Fair value of plan assets at end of year	$	68,537		$	60,442		$	39,835		$	38,383
Funded status at end of year	$	(43,410	)	$	(25,744	)	$	(8,919	)	$	(8,290	)

Schedule of funded status amounts recognized in the Consolidated Balance Sheet

	Domestic Plans						Foreign Plans
	2011			2010			2011			2010
Current liabilities	$	(1,053	)	$	(205	)	$	(78	)	$	(532	)
Non-current liabilities		(42,357	)		(25,539	)		(8,840	)		(7,758	)
	$	(43,410	)	$	(25,744	)	$	(8,918	)	$	(8,290	)

Schedule of amounts not recognized as components of periodic benefit cost that are recognized in accumulated other comprehensive loss

	Domestic Plans						Foreign Plans
	2011			2010			2011			2010
Net actuarial loss	$	46,428		$	23,299		$	11,434		$	8,509
Net prior service cost		7			12			4,518			5,014
Tax effects		(17,414	)		(8,742	)		(5,066	)		(4,256	)
	$	29,021		$	14,569		$	10,886		$	9,267

Schedule of changes in benefit obligations and plan assets recognized in other comprehensive income

	Domestic Plans			Foreign Plans
Current year actuarial loss	$	(24,782	)	$	(3,903	)
Amortization of loss		1,652			836
Amortization of prior service cost		4			455
	$	(23,126	)	$	(2,612	)

Schedule of amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in 2012

	Domestic Plans		Foreign Plans
Amortization of net loss	$	3,396	$	477
Amortization of prior service cost		4		363
	$	3,400	$	840

Components of net periodic benefit cost

	Domestic Plans
	2011			2010			2009
Service cost	$	5,436		$	4,675		$	4,363
Interest cost		4,504			4,106			3,820
Expected return on plan assets		(4,790	)		(4,037	)		(3,726	)
Amortization of net loss		1,652			628			239
Amortization of prior service cost		4			4			4
Net periodic benefit cost	$	6,806		$	5,376		$	4,700
Settlement		—			—			146
Total Net periodic benefit cost	$	6,806		$	5,376		$	4,846

	Foreign Plans
	2011			2010			2009
Service cost	$	2,018		$	1,677		$	1,766
Interest cost		2,518			2,369			2,503
Expected return on plan assets		(1,753	)		(1,414	)		(980	)
Amortization of net loss		836			255			625
Amortization of prior service cost		455			359			376
Net periodic benefit cost	$	4,074		$	3,246		$	4,290
Curtailment		—			—			(105	)
Total Net periodic benefit cost	$	4,074		$	3,246		$	4,185

Schedule of projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets

	Domestic Plans				Foreign Plans
	2011		2010		2011		2010
Projected benefit obligation	$	111,947	$	86,186	$	32,896	$	17,940
Accumulated benefit obligation		99,091		75,743		25,064		17,308
Fair value of plan assets		68,537		60,442		24,280		16,357

Schedule of PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets

	Domestic Plans				Foreign Plans
	2011		2010		2011		2010
Projected benefit obligation	$	111,947	$	86,186	$	34,104	$	44,469
Accumulated benefit obligation		99,091		75,743		25,923		36,550
Fair value of plan assets		68,537		60,442		25,140		36,179

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost

	Domestic Plans				Foreign Plans
	2011		2010		2011		2010
Weighted-average assumptions used to determine benefit obligations at December 31:
Discount rate		4.40%		5.40%		5.10%		5.15%
Rate of compensation increase		4.00%		4.00%		3.00%		3.00%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate		5.40%		5.90%		5.15%		5.55%
Expected long-term return on plan assets		7.00%		7.00%		4.40%		4.55%
Rate of compensation increase		4.00%		4.00%		3.00%		3.00%

Schedule of domestic and foreign pension plan weighted-average asset allocations by asset category

	Domestic Plans Assets at December 31,				Foreign Plans Assets at December 31,
	2011		2010		2011		2010
Equity securities		60%		61%		—		—
Fixed income securities		32%		29%		12%		—
Infrastructure		8%		9%		—		—
Money market		—		1%		15%		52%
Investment Funds		—		—		73%		48%
Total		100%		100%		100%		100%

Summary of fair value of pension plan assets

	Domestic Fair Value Measurement at December 31, 2011								Foreign Fair Value Measurement at December 31, 2011
(In Thousands $)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Short Term Securities (a)	$	96	$	96	$	—	$	—	$	5,781	$	5,781	$	—	$	—
USD		—		96		—		—		—		—		—		—
EUR		—		—		—		—		—		5,781		—		—
Equity Securities (a)	$	33,264	$	33,264		—		—		—		—		—		—
US Large Cap Equities		—		14,215		—		—		—		—		—		—
US Small Cap Equities		—		10,077		—		—		—		—		—		—
International Equities		—		8,972		—		—		—		—		—		—
Core Fixed Income (a)	$	22,010	$	22,010		—		—		—		—		—		—
Corporate debts securities		—	$	—		—		—	$	4,812	$	4,812		—		—
Euro Corporate Bonds		—		—		—		—		—		4,812		—		—
Hedge Fund (c)	$	7,497		—		—	$	7,497		—		—		—		—
Investment Funds		—		—		—		—	$	29,242	$	14,076	$	15,166		—
Mutual Funds in Equities (a)		—		—		—		—		—		5,482		—		—
Mutual Funds Diversified (b)		—		—		—		—		—		8,594		15,166		—
Infrastructure (c)	$	5,670		—		—	$	5,670		—		—		—		—
Total Investments	$	68,537	$	55,370	$	—	$	13,167	$	39,835	$	24,669	$	15,166	$	—

	Domestic Fair Value Measurement at December 31, 2010								Foreign Fair Value Measurement at December 31, 2010
(In Thousands $)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Short Term Securities (a)	$	497	$	497	$	—	$	—	$	19,925	$	19,925	$	—	$	—
USD		—		497		—		—		—		7,324		—		—
EUR		—		—		—		—		—		12,601		—		—
Equity Securities (a)	$	31,469	$	31,469		—		—		—		—		—		—
US Large Cap Equities		—		12,419		—		—		—		—		—		—
US Small Cap Equities		—		10,166		—		—		—		—		—		—
International Equities		—		8,884		—		—		—		—		—		—
Core Fixed Income (a)	$	17,496	$	17,496		—		—		—		—		—		—
Hedge Fund (c)	$	5,508		—		—	$	5,508		—		—		—		—
Investment Funds		—		—		—		—	$	18,458	$	3,542	$	14,916		—
Mutual Funds in Equities (a)		—		—		—		—		—		3,542		—		—
Mutual Funds Diversified (b)		—		—		—		—		—		—		14,916		—
Infrastructure (c)	$	5,472		—		—	$	5,472		—		—		—		—
Total Investments	$	60,442	$	49,462	$	—	$	10,980	$	38,383	$	23,467	$	14,916	$	—

(a)

Based on third party quotation from financial institution.

(b)

Based on observable market transactions.

(c)

Based on a quarterly statement prepared by the fund manager that reflects contributions, distributions and realized/unrealized gains and losses.

Summary of changes in fair value of pension plan investments classified as Level 3

	Infrastructure Fund			Hedge Fund
Balance, 12/31/09	$	4,567		$	—
Purchases, sales and settlements, net		1,000			5,500
Return on assets held		92			8
Admin fees and other		(187	)		—
Balance, 12/31/10	$	5,472		$	5,508
Purchases, sales and settlements, net		—			1,800
Return on assets held		347			189
Admin fees and other		(149	)		—
Balance, 12/31/11	$	5,670		$	7,497

Schedule of estimated benefit payments relating to defined benefit plans over the next ten years

	Domestic Plans		Foreign Plans
2012	$	6,607	$	1,768
2013		7,160		1,625
2014		6,702		1,708
2015		6,492		2,165
2016		6,999		2,897
2017 – 2021		46,407		17,451