Foreign Currency Translation

3 Months Ended

Mar. 31, 2013

Foreign Currency Translation

16. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $37,698 and $34,024 at December 31, 2012 and March 31, 2013, respectively, includes cumulative foreign currency adjustments of $31,331 and $29,789, respectively, from translating the financial statements of the Company’s international subsidiaries, and also includes the change in fair values of the Company’s interest rate swap agreements that are designated as hedges and the change in fair value of the Company’s available-for-sale securities.

All foreign countries where the Company has operations are non-highly inflationary and the local currency is the same as the functional currency in all of the locations. Thus, any fluctuation in the currency results in a cumulative foreign currency translation adjustment recorded to accumulated other comprehensive loss.

Below is a summary of the impact of translating the March 31, 2013 financial statements of certain of the Company’s international subsidiaries:

	Exchange Rate as of				Total Assets at		Other Comprehensive Income (Loss) For The Three Months Ended
Country	March 31, 2013		December 31, 2012		March 31, 2013		March 31, 2013
Brazil		2.03		2.05	$	334,374	$	2,860
Mexico		12.33		13.02	$	118,434		4,821
Argentina		5.14		4.91	$	129,019		(4,294	)
Colombia		1,832.20		1,768.23	$	46,193		(1,244	)
Peru		2.65		2.56	$	38,223		(1,252	)
All other								651
							$	1,542