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Debt and Commitments (Tables)
12 Months Ended
Dec. 31, 2011
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt and notes and overdrafts payable at December 31 consisted of:
 
 
2011
 
2010
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
3.75% Convertible Notes
 

 

 
92,500

 
97,713

Unamortized debt discount – 3.75% Convertible Notes
 

 

 
(114
)
 

3.375% Convertible Notes
 
55,636

 
59,038

 
55,636

 
57,244

Unamortized debt discount – 3.375% Convertible Notes
 
(5,333
)
 

 
(7,377
)
 

Revolving credit agreement
 
281,900

 
270,288

 
207,900

 
199,968

Borrowings under lines of credit
 
12,000

 
12,000

 

 

Foreign bank borrowings and overdrafts
 
1,849

 
2,006

 
6,955

 
7,116

Capital leases
 

 

 
2,218

 
1,911

 
 
346,052

 
343,332

 
357,718

 
363,952

Less current maturities
 
(12,904
)
 
 
 
(98,071
)
 
 
Long-term debt
 
$
333,148

 
 
 
$
259,647

 
 
Schedule of Convertible Notes
The following table sets forth balance sheet information regarding the Company’s convertible notes at December 31:
 
 
 
2011
 
2010
3.75% Convertible Notes:
 
 
 
 
Carrying value of equity component, net of tax
 
$

 
$
11,731

Principal value of liability component
 
$

 
$
92,500

Unamortized debt discount
 

 
(114
)
Net carrying value of liability component
 
$

 
$
92,386

3.375% Convertible Notes:
 
 
 
 
Carrying value of equity component, net of tax
 
$
10,772

 
$
10,772

Principal value of liability component
 
$
55,636

 
$
55,636

Unamortized debt discount
 
(5,333
)
 
(7,377
)
Net carrying value of liability component
 
$
50,303

 
$
48,259

Schedule of Interest Expense on Convertible Notes
The following table sets forth the components of interest expense for the Company’s convertible notes for the years ended December 31, 2011, 2010 and 2009.
 
 
 
2011
 
2010
 
2009
Interest expense – 3.75% coupon
 
$
1,225

 
$
3,469

 
$
3,610

Interest expense – 3.75% debt discount amortization
 
114

 
3,841

 
3,685

Interest expense – 3.375% coupon
 
1,878

 
1,878

 
2,629

Interest expense – 3.375% debt discount amortization
 
2,044

 
1,887

 
2,235

 
 
$
5,261

 
$
11,075

 
$
12,159