Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

 v2.3.0.11
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2011
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis, as of June 30, 2011 and December 31, 2010, which are classified as cash and cash equivalents, other current assets, other long-term assets, other current liabilities and other long-term liabilities:

   
Fair Value Measurements
at June 30, 2011
   
Fair Value Measurements
at December 31, 2010
 
   
Level 1
   
Level 2
   
Level 3
   
Total
   
Level 1
   
Level 2
   
Level 3
   
Total
 
   
(in thousands)
   
(in thousands)
 
Assets:
                                               
Cash equivalents
  $ 30,000     $ -     $ -     $ 30,000     $ 5,000     $ -     $ -     $ 5,000  
Forward currency contracts
    -       7       -       7       -       6       -       6  
Interest rate cap
    -       30       -       30       -       167       -       167  
Investments in rabbi trusts
    -       -       -       -       3,576       -       -       3,576  
Stock options
    -       -       1,927       1,927       -       -       278       278  
Total
  $ 30,000     $ 37     $ 1,927     $ 31,964     $ 8,576     $ 173     $ 278     $ 9,027  
                                                                 
Liabilities:
                                                               
Interest rate swaps
  $ -     $ 2,500     $ -     $ 2,500     $ -     $ 2,119     $ -     $ 2,119  
Forward currency contracts
    -       2,129       -       2,129       -       2,769       -       2,769  
Contingent consideration
    -       -       7,558       7,558       -       -       17,894       17,894  
Other current liabilities
    -       -       -       -       3,576       -       -       3,576  
Total
  $ -     $ 4,629     $ 7,558     $ 12,187     $ 3,576     $ 4,888     $ 17,894     $ 26,358  
 
Fair Value of Assets and Liabilities Measured On Recurring Basis Unobservable Input Reconciliation
The following table summarizes the changes in fair value of the Company's Level 3 assets and liabilities for the six months ended June 30, 2011:
 
   
Stock
Options
   
Contingent Consideration
 
   
(in thousands)
 
Balance as of December 31, 2010
  $ 278     $ (17,894 )
Total gains and losses (realized/unrealized) :
               
Included in earnings (or changes in net assets)
    1,649       8,908  
Purchases
    -       1,428  
Balance as of June 30, 2011
  $ 1,927     $ (7,558 )
                 
The amount of total gains and losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at June 30, 2011
  $ 1,649     $ 9,047