RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2012

RETIREMENT AND DEFERRED COMPENSATION PLANS

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

	Domestic Plans						Foreign Plans
	2012			2011			2012			2011
Change in benefit obligation:
Benefit obligation at beginning of year	$	111,947		$	86,186		$	48,754		$	46,673
Service cost		7,217			5,436			2,244			2,018
Interest cost		4,913			4,504			2,658			2,518
Business Acquired		—			—			9,148			—
Curtailment/Settlement		—			—			—			(1,052	)
Actuarial loss		18,743			18,873			17,905			1,984
Benefits paid		(6,499	)		(3,052	)		(2,075	)		(1,509	)
Foreign currency translation adjustment		—			—			1,976			(1,878	)
Benefit obligation at end of year	$	136,321		$	111,947		$	80,610		$	48,754

	Domestic Plans						Foreign Plans
	2012			2011			2012			2011
Change in plan assets:
Fair value of plan assets at beginning of year	$	68,537		$	60,442		$	39,835		$	38,383
Actual return on plan assets		8,342			(1,141	)		1,547			(310	)
Employer contribution		14,207			12,288			7,381			5,478
Business Acquired		—			—			389			—
Settlements		—			—			—			(1,052	)
Benefits paid		(6,499	)		(3,052	)		(2,075	)		(1,509	)
Foreign currency translation adjustment		—			—			799			(1,155	)
Fair value of plan assets at end of year	$	84,587		$	68,537		$	47,876		$	39,835
Funded status at end of year	$	(51,734	)	$	(43,410	)	$	(32,734	)	$	(8,919	)

Schedule of funded status amounts recognized in the Consolidated Balance Sheet

	Domestic Plans						Foreign Plans
	2012			2011			2012			2011
Current liabilities	$	(369	)	$	(1,053	)	$	(1,187	)	$	(79	)
Non-current liabilities		(51,365	)		(42,357	)		(31,547	)		(8,840	)
	$	(51,734	)	$	(43,410	)	$	(32,734	)	$	(8,919	)

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

	Domestic Plans						Foreign Plans
	2012			2011			2012			2011
Net actuarial loss	$	58,580		$	46,428		$	29,265		$	11,434
Net prior service cost		3			7			4,157			4,518
Tax effects		(21,969	)		(17,414	)		(10,788	)		(5,066	)
	$	36,614		$	29,021		$	22,634		$	10,886

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

	Domestic Plans			Foreign Plans
Current year actuarial loss	$	(16,006	)	$	(18,306	)
Amortization of loss		3,854			475
Amortization of prior service cost		4			361
	$	(12,148	)	$	(17,470	)

Schedule of amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in 2013

	Domestic Plans		Foreign Plans
Amortization of net loss	$	5,081	$	1,405
Amortization of prior service cost		3		371
	$	5,084	$	1,776

Components of Net Periodic Benefit Cost

	Domestic Plans
	2012			2011			2010
Service cost	$	7,217		$	5,436		$	4,675
Interest cost		4,913			4,504			4,106
Expected return on plan assets		(5,604	)		(4,790	)		(4,037	)
Amortization of net loss		3,854			1,652			628
Amortization of prior service cost		4			4			4
Net periodic benefit cost	$	10,384		$	6,806		$	5,376
Settlement		—			—			—
Total Net periodic benefit cost	$	10,384		$	6,806		$	5,376

	Foreign Plans
	2012			2011			2010
Service cost	$	2,244		$	2,018		$	1,677
Interest cost		2,658			2,518			2,369
Expected return on plan assets		(1,538	)		(1,753	)		(1,414	)
Amortization of net loss		475			836			255
Amortization of prior service cost		361			455			359
Net periodic benefit cost	$	4,200		$	4,074		$	3,246
Curtailment		—			—			—
Total Net periodic benefit cost	$	4,200		$	4,074		$	3,246

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
	2012		2011		2012		2011
Projected benefit obligation	$	136,321	$	111,947	$	77,663	$	32,896
Accumulated benefit obligation		118,804		99,091		60,703		25,064
Fair value of plan assets		84,587		68,537		44,930		24,280

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
	2012		2011		2012		2011
Projected benefit obligation	$	136,321	$	111,947	$	77,663	$	34,104
Accumulated benefit obligation		118,804		99,091		60,703		25,923
Fair value of plan assets		84,587		68,537		44,930		25,140

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

	Domestic Plans				Foreign Plans
	2012		2011		2012		2011
Weighted-average assumptions used to determine benefit obligations at December 31:
Discount rate		3.80%		4.40%		3.19%		5.10%
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		4.40%		5.40%		5.10%		5.15%
Expected long-term return on plan assets		7.00%		7.00%		3.83%		4.40%
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

Plan Assets:

	Domestic Plans Assets at December 31,				Foreign Plans Assets at December 31,
	2012		2011		2012		2011
Equity securities		60%		60%		6%		—
Fixed income securities		30%		32%		7%		12%
Infrastructure		10%		8%		—		—
Money market		—		—		11%		15%
Investment Funds		—		—		76%		73%
Total		100%		100%		100%		100%

Summary of fair value of pension plan assets

	Domestic Fair Value Measurement at December 31, 2012								Foreign Fair Value Measurement at December 31, 2012
(In Thousands $)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Short Term Securities (a)	$	887	$	887	$	—	$	—	$	5,560	$	5,560	$	—	$	—
USD		—		887		—		—		—		—		—		—
EUR		—		—		—		—		—		5,560		—		—
Equity Securities (a)	$	42,523	$	42,523		—		—	$	2,739	$	2,739		—		—
US Large Cap Equities		—		17,142		—		—		—		—		—		—
US Small Cap Equities		—		12,523		—		—		—		—		—		—
International Equities		—		12,858		—		—		—		2,739		—		—
Core Fixed Income (a)	$	24,587	$	24,587		—		—		—		—		—		—
Corporate debts securities		—		—		—		—	$	3,187	$	3,187		—		—
Emerging Market (a)		—		—		—		—		—		3,187		—		—
Hedge Fund (c)	$	8,575		—		—	$	8,575		—		—		—		—
Investment Funds		—		—		—		—	$	36,390	$	15,163	$	21,227		—
Mutual Funds in Equities (a)		—		—		—		—		—		5,872		—		—
Mutual Funds Diversified (a&b)		—		—		—		—		—		9,291		21,227		—
Infrastructure (c)	$	8,015		—		—	$	8,015		—		—		—		—
Total Investments	$	84,587	$	67,997	$	—	$	16,590	$	47,876	$	26,649	$	21,227	$	—

	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 (a)		—		—		—		—		—		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 (a&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	$	—

(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, 12/31/10	$	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
Purchases, sales and settlements, net		1,800			1,000
Return on assets held		696			78
Admin fees and other		(151	)		—
Balance, 12/31/12	$	8,015		$	8,575

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

	Domestic Plans		Foreign Plans
2013	$	8,194	$	2,249
2014		7,652		1,766
2015		7,332		2,705
2016		7,763		2,975
2017		10,272		3,513
2018 – 2022		54,495		23,030