DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2011

DERIVATIVE INSTRUMENTS

Fair values and balance sheet presentation and income statement impact of derivative instruments not designated as hedging instruments

		Fair Value		Fair Value
		As of		As of
(in thousands)	Balance Sheet Location	December 31, 2011		December 31, 2010
Asset Derivatives
Forward exchange contracts — not designated as hedge	Accounts receivable	$	57	$	90
Interest rate swaps — designated as hedge	Deferred charges and other investments	3,268		—
Total asset derivatives		$	3,325	$	90
Liability Derivatives
Currency swaps — not designated as hedge	Accounts payable	$	—	$	1,368
Forward exchange contracts — not designated as hedge	Accounts payable	60		77
Total liability derivatives		$	60	$	1,445

	Location of Gain (Loss)	Amount of Gain (Loss) Recognized
	Recognized in Income	in Income on Derivatives
(in thousands)	on Derivatives	2011			2010
Forward exchange contracts	Other operating (income) expense, net	$	451		$	1,288
Currency swap contracts	Other non-operating (income) expense, net	(1,802		)	(5,918		)
Total		$	(1,351	)	$	(4,630	)