FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2013

The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis:



			Basis of Fair Value Measurements
			Quoted Prices in Active Markets for Identical Assets / Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
September 30, 2013			Level 1		Level 2		Level 3
Assets:
Trading securities	$	49,226	$	49,226	$	—	$	—
Cash surrender value of life insurance policies	27,842		—		27,842		—
Put option	5,300		—		—		5,300
Available-for-sale equity securities	1,062		—		—		1,062
Total	$	83,430	$	49,226	$	27,842	$	6,362

Liabilities:
Deferred compensation liabilities	$	81,180	$	—	$	81,180	$	—
Interest rate swaps	26,982		—		26,982		—
Call option	7,770		—		—		7,770
Total	$	115,932	$	—	$	108,162	$	7,770



			Basis of Fair Value Measurements
			Quoted Prices in Active Markets for Identical Assets / Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012			Level 1		Level 2		Level 3
Assets:
Trading securities	$	52,283	$	52,283	$	—	$	—
Cash surrender value of life insurance policies	25,018		—		25,018		—
Interest rate swaps	830		—		830		—
Available-for-sale equity securities	612		—		—		612
Foreign currency forward contracts	403		—		403		—
Total	$	79,146	$	52,283	$	26,251	$	612

Liabilities:
Deferred compensation liabilities	$	82,218	$	—	$	82,218	$	—
Interest rate swaps	3,129		—		3,129		—
Total	$	85,347	$	—	$	85,347	$	—

Reconciliation of Beginning and Ending Balances of Assets Unobservable Inputs

The following table provides a reconciliation of the beginning and ending balances of assets and liabilities using significant unobservable inputs:



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Available-for-Sale Equity Securities		Put Option Derivative Asset			Total
Balance, December 31, 2012	$	612	$	—		$	612
Purchases, additions and issuances	—		8,250			8,250
Total gains (losses) - realized/ unrealized:
Included in earnings	—		(2,950		)	(2,950		)
Included in other comprehensive income (loss)	450		—			450
Transfers in and out of Level 3	—		—			—
Balance, September 30, 2013	$	1,062	$	5,300		$	6,362

Reconciliation of Beginning and Ending Balances of Liabilities Unobservable Inputs



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Call Option Derivative Liability
Balance, December 31, 2012		$	—
Purchases, additions and issuances		10,808
Total (gains) losses - realized/ unrealized:
Included in earnings		(3,038		)
Transfers in and out of Level 3		—
Balance, September 30, 2013		$	7,770

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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