XML 47 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair value measurement (Tables)
 3 Months Ended
Mar. 31, 2013
Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of March 31, 2013 and April 1, 2012:

 

     Total carrying
value at
March 31,
2013		      Quoted prices in
active markets
(Level 1)		      Significant other
observable inputs
(Level 2)		      Significant
unobservable
inputs (Level 3)		  
     (Dollars in thousands)  

Investments in marketable securities

    $ 5,243       $ 5,243       $ —         $ —     

Derivative assets

      1,285         —           1,285         —     

Derivative liabilities

      662         —           662         —     

Contingent consideration liabilities

      41,503         —           —           41,503   

 

     Total carrying
value at
April 1,
2012		      Quoted prices in
active markets
(Level 1)		      Significant other
observable inputs
(Level 2)		      Significant
unobservable
inputs (Level 3)		  
     (Dollars in thousands)  

Cash and cash equivalents

    $ 10,001       $ 10,001       $ —         $ —     

Investments in marketable securities

      4,654         4,654         —           —     

Derivative assets

      1,432         —           1,432         —     

Derivative liabilities

      1,496         —           1,496         —     

Contingent consideration liabilities

      9,018         —           —           9,018   
Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in Level 3 financial liabilities (related to contingent consideration in connection with various Company acquisitions, including those described in Note 3) during the periods ended March 31, 2013 and April 1, 2012:

 

     Contingent consideration  
           2013                 2012        
     (Dollars in thousands)  

Beginning balance

    $ 51,196      $ 9,676   

Payment

      (8,508 )      —     

Revaluations

      (1,132 )      (658 ) 

Translation adjustment

      (53 )      —     
  

 

 

    

 

 

  

Ending balance

    $ 41,503      $ 9,018   
  

 

 

    

 

 

  
Fair Value of Debt

The following table provides the fair value of the Company’s debt by fair value hierarchy level as of March 31, 2013:

 

     Fair value of debt  
     (Dollars in thousands)  

Level 1

    $ 844,020   

Level 2

      380,212   
  

 

 

  

Total

    $ 1,224,232   
  

 

 

  
Valuation Technique and Inputs Used to Determine Fair Value of Assets or Liabilities

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

 

     Valuation Technique    Unobservable Input    Range (Weighted Average)  

Contingent consideration

    Discounted cash flow    Discount rate      2%-10%(6%)   
      Probability of payment      0-100%(55%)