Foreign Currency Translation

6 Months Ended

Jun. 30, 2013

Foreign Currency Translation

16. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $37,698 and $70,739 at December 31, 2012 and June 30, 2013, respectively, includes cumulative foreign currency adjustments of $31,331 and $70,457, 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 June 30, 2013 financial statements of certain of the Company’s international subsidiaries:

							Other
							Comprehensive
							Income (Loss) For The
	Exchange Rate as of				Total Assets at		Six Months Ended
Country	June 30, 2013		December 31, 2012		June 30, 2013		June 30, 2013
Brazil		2.24		2.05	$	316,659	$	(21,344	)
Argentina		5.43		4.91	$	129,194		(9,265	)
Mexico		12.95		13.02	$	117,847		518
Colombia		1,929.00		1,768.23	$	52,166		(2,984	)
Peru		2.85		2.56	$	38,868		(3,800	)
All other								(2,251	)
							$	(39,126	)