Risk Management and Use of Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Risk Management and Use of Deriviative Financial Instruments

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

		Asset Derivatives Fair Value at				Liability Derivatives Fair Value at
	Balance Sheet Location	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Derivatives Designated
as Hedging Instruments
Foreign currency forwards	Other assets, net	$	8,707	$	4,229	$	-	$	-
Foreign currency collars	Other assets, net		3,542		2,743		-		-
Interest rate cap	Other assets, net		-		1		-		-
Foreign currency forwards	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(198)		(2,533)
Interest rate swaps	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(17,840)		(20,142)
Derivatives Not Designated
as Hedging Instruments
Embedded derivatives (a)	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(193)		(1,141)
Stock warrants (b)	Other assets, net		1,650		1,485		-		-
Foreign currency forward	Other assets, net		818		-		-		-
Put options	Accounts payable,
	accrued expenses and
Total derivatives		$	14,717	$	8,458	$	(18,231)	$	(23,816)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

	Amount of Gain (Loss) Recognized in
	Other Comprehensive (Loss) Income on Derivatives (Effective Portion)
	Three Months Ended March 31,
Derivatives in Cash Flow Hedging Relationships	2013		2012
Foreign currency forward contract	$	5,205	$	(1,263)
Interest rate swaps		1,967		(694)
Foreign currency collars		1,017		(2,617)
Interest rate cap (a)		147		75
Put options		-		192
Derivatives in Net Investment Hedging Relationships (b)
Foreign currency contracts		1,863		(1,343)
Total	$	10,199	$	(5,650)

	Amount of Gain (Loss) Reclassified from
	Other Comprehensive (Loss) Income into Income (Effective Portion)
	Three Months Ended March 31,
Derivatives in Cash Flow Hedging Relationships	2013		2012
Foreign currency collars (c)	$	417	$	618
Foreign currency forwards (c)		288		138
Interest rate cap		(267)		(182)
Interest rate swaps		(674)		(706)
Total	$	(236)	$	(132)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

		Amount of Gain (Loss) Recognized in
		Income on Derivatives
	Location of Gain (Loss)	Three Months Ended March 31,
Derivatives Not in Cash Flow Hedging Relationships	Recognized in Income	2013		2012
Embedded derivatives	Other income and (expenses)	$	948	$	-
Foreign currency contracts	Other income and (expenses)		563		-
Interest rate swap (a)	Interest expense		103		(29)
Stock warrants	Other income and (expenses)		165		-
Total		$	1,779	$	(29)

Schedule of Derivative Instruments

		Notional		Effective	Effective	Expiration	Fair Value at
Description	Type	Amount		Interest Rate	Date	Date	March 31, 2013 (a)
6-Month Euro Interbank Offered Rate (“Euribor”)	“Pay-fixed” swap	€	164,250	4.2%	9/2011	9/2016	$	(9,416)
3-Month Euribor	“Pay-fixed” swap	€	12,750	8.5%	3/2013	3/2020		(212)
3-Month Euribor	“Pay-fixed” swap	€	9,990	4.4%	2/2013	2/2018		(236)
3-Month Euribor	“Pay-fixed” swap	€	5,814	5.8%	7/2010	11/2017		(572)
3-Month Euribor	“Pay-fixed” swap	€	3,836	4.3%	6/2012	5/2017		(153)
3-Month London Interbank Offered Rate (“LIBOR”) (b)	Interest rate cap	$	118,374	N/A	8/2009	8/2014		-
1-Month LIBOR	“Pay-fixed” swap	$	92,400	3.9%	2/2012	2/2017		(2,466)
3-Month LIBOR	“Pay-fixed” swap	$	25,689	6.6%	1/2010	12/2019		(3,563)
1-Month LIBOR	“Pay-fixed” swap	$	19,941	4.8%	12/2012	12/2022		(182)
1-Month LIBOR	“Pay-fixed” swap	$	9,000	5.0%	3/2012	3/2022		(341)
1-Month LIBOR	“Pay-fixed” swap	$	4,429	4.6%	6/2012	7/2022		(70)
1-Month LIBOR	“Pay-fixed” swap	$	4,270	4.8%	10/2012	11/2022		(54)
1-Month LIBOR	“Pay-fixed” swap	$	4,097	6.0%	1/2011	1/2021		(507)
1-Month LIBOR	“Pay-fixed” swap	$	1,593	4.8%	12/2011	12/2021		(68)
							$	(17,840)

	Notional		Strike		Effective	Expiration	Fair Value at
Type	Amount		Price		Date	Date	March 31, 2013
Designated as Cash Flow Hedging Instruments
Collars	€	30,365	$	1.40 - 1.42	9/2011	6/2013 - 9/2014	$	3,542
Forward contracts	€	56,700		1.28 - 1.29	5/2012	12/2014 - 6/2017		(198)
Forward contracts	€	45,000		1.39	7/2011	7/2013		4,745
Forward contracts	€	24,628		1.34 - 1.35	9/2011	9/2013 - 3/2015		1,405
Forward contracts	€	17,100		1.34	12/2012	9/2017 - 3/2018		525
Forward contracts	€	11,342		1.34	1/2013	9/2015 - 3/2016		544
Forward contracts	¥	1,002,834		.0122 - .0128	12/2012	6/2013 - 12/2017		1,488
Not Designated as a Hedging Instrument
Foreign currency forward contracts	¥	610,129		.0128	12/2012	12/2017		818
							$	12,869