Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis subject to the requirements of ASC 820 consist of the following (in thousands):


	Fair Value Measurements at September 30, 2012 Using:
	Balance at		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	September 30, 2012		Level (1)		Level (2)		Level (3)
Assets:
Money market funds and open-end mutual funds included in “Cash and cash equivalents” ⁽¹⁾	$	3,428	$	3,428	$	—	$	—
Money market funds and open-end mutual funds in “Deferred charges and other assets” ⁽¹⁾		11		11		—		—
Foreign currency forward and option contracts ⁽²⁾		2,165		—		2,165		—
Equity investments held in a rabbi trust for the Deferred Compensation Plan ⁽³⁾		3,146		3,146		—		—
Debt investments held in a rabbi trust for the Deferred Compensation Plan ⁽³⁾		1,994		1,994		—		—
Guaranteed investment certificates ⁽⁴⁾		80		—		80		—

	$	10,824	$	8,579	$	2,245	$	—

Liabilities:
Foreign currency forward and option contracts ⁽⁵⁾	$	729	$	—	$	729	$	—

	$	729	$	—	$	729	$	—

⁽¹⁾	In the accompanying Condensed Consolidated Balance Sheet.

⁽²⁾	Included in “Other current assets” in the accompanying Condensed Consolidated Balance Sheet. See Note 7.

⁽³⁾	Included in “Other current assets” in the accompanying Condensed Consolidated Balance Sheet. See Note 8.

⁽⁴⁾	Included in “Deferred charges and other assets” in the accompanying Condensed Consolidated Balance Sheet.

⁽⁵⁾	Included in “Other accrued expenses and current liabilities” in the accompanying Condensed Consolidated Balance Sheet. See Note 7.

The Company’s assets and liabilities measured at fair value on a recurring basis subject to the requirements of ASC 820 consist of the following (in thousands):


	Fair Value Measurements at December 31, 2011 Using:
	Balance at		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	December 31, 2011		Level (1)		Level (2)		Level (3)
Assets:
Money market funds and open-end mutual funds included in “Cash and cash equivalents” ⁽¹⁾	$	68,651	$	68,651	$	—	$	—
Money market funds and open-end mutual funds in “Deferred charges and other assets” ⁽¹⁾		12		12		—		—
Foreign currency forward and option contracts ⁽²⁾		710		—		710		—
Equity investments held in a rabbi trust for the Deferred Compensation Plan ⁽³⁾		2,817		2,817		—		—
Debt investments held in a rabbi trust for the Deferred Compensation Plan ⁽³⁾		1,365		1,365		—		—
Guaranteed investment certificates ⁽⁴⁾		65		—		65		—

	$	73,620	$	72,845	$	775	$	—

Liabilities:
Foreign currency forward and option contracts ⁽⁵⁾	$	752	$	—	$	752	$	—

	$	752	$	—	$	752	$	—

⁽¹⁾	In the accompanying Condensed Consolidated Balance Sheet.

⁽²⁾	Included in “Other current assets” in the accompanying Condensed Consolidated Balance Sheet. See Note 7.

⁽³⁾	Included in “Other current assets” in the accompanying Condensed Consolidated Balance Sheet. See Note 8.

⁽⁴⁾	Included in “Deferred charges and other assets” in the accompanying Condensed Consolidated Balance Sheet.

⁽⁵⁾	Included in “Other accrued expenses and current liabilities” in the accompanying Condensed Consolidated Balance Sheet. See Note 7.

Impairment Losses Related to Nonrecurring Fair Value Measurements of Certain Assets

The following table summarizes the total impairment losses related to nonrecurring fair value measurements of certain assets (no liabilities) subject to the requirements of ASC 820 (in thousands):


	Total Impairment (Loss)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Americas:
Property and equipment, net ⁽¹⁾	$	(122	)	$	(38	)	$	(271	)	$	(764	)

⁽¹⁾	See Note 1 for additional information regarding the fair value measurement.