Foreign Currency Translation

3 Months Ended

Mar. 31, 2014

Foreign Currency Translation

15. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $88,232 and $81,819 at March 31, 2014 and December 31, 2013, respectively, includes cumulative foreign currency adjustments of $88,142 and $78,947, 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, 2014 financial statements of certain of the Company’s international subsidiaries:

							Other
							Comprehensive Income
							(Loss) for The
	Exchange Rate as of				Total Assets at		Three Months Ended
Country	March 31, 2014		December 31, 2013		March 31, 2014		March 31, 2014
Brazil		2.27		2.36	$	337,831	$	9,833
Argentina		8.05		6.52	$	99,896		(15,446	)
Chile		550.20		525.55	$	51,029		(1,757	)
All other								(1,825	)
							$	(9,195	)