Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Fair Value Hierarchy For Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and 2011.

	December 31, 2012
Financial Assets	Level 1		Level 2		Level 3		Total
Foreign currency forwards(1)	$	—		792		—		792
Trading securities held in deferred compensation plan(2)		5,842		—		—		5,842
Total	$	5,842		792		—		6,634
Financial Liabilities
Foreign currency forwards(1)	$	—		244		—		244
Interest rate swaps(3)		—		533		—		533
Phantom stock plan(4)		—		5,286		—		5,286
Deferred compensation plan(5)		5,842		—		—		5,842
Total	$	5,842		6,063		—		11,905

	December 31, 2011
Financial Assets	Level 1		Level 2		Level 3		Total
Foreign currency forwards(1)	$	—		193		—		193
Trading securities held in deferred compensation plan(2)		6,269		—		—		6,269
Total	$	6,269		193		—		6,462
Financial Liabilities
Foreign currency forwards(1)	$	—		2,029		—		2,029
Interest rate swaps(3)		—		855		—		855
Phantom stock plan(4)		—		5,647		—		5,647
Deferred compensation plan(5)		6,269		—		—		6,269
Total	$	6,269		8,531		—		14,800

(1) Based on calculations that use readily observable market parameters such as spot and forward rates as their basis.

(2) Based on the observable price of publicly traded mutual funds which are classified as trading securities and accounted for using the mark-to-market method.

(3) Measured as the present value of all expected future cash flows based on the LIBOR-based swap yield curves as of December 31, 2012 and 2011, respectively. The present value calculation uses discount rates that have been adjusted to reflect the credit quality of the Company and its counterparties.

(4) Based on the price of the Company’s common stock.

(5) Based on the fair value of the investments in the deferred compensation plan.