XML 37 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2011
FAIR VALUE MEASUREMENTS [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 10. FAIR VALUE MEASUREMENTS

The following tables present our assets and liabilities that are measured at fair value on a recurring basis:

     
Fair Value Measurements
    
     
At December 31, 2011 Using
    
 
Balance Sheet Classification
 
Level 1
  
Level 2
  
Level 3
  
Total
 
Assets:
              
Investments held in Rabbi Trusts
Other noncurrent assets
 $1,395  $-  $-  $1,395 
Interest rate swap
Other noncurrent assets
 $-  $6  $-  $6 
 
     
Fair Value Measurements
    
     
At December 31, 2010 Using
    
 
Balance Sheet Classification
 
Level 1
  
Level 2
  
Level 3
  
Total
 
Assets:
              
Investments held in Rabbi Trusts
Other noncurrent assets
 $1,589  $-  $-  $1,589 
                    
Liabilities:
                  
Interest rate swap
Other long-term liabilities
 $-  $467  $-  $467 

The following is a description of the valuation methodologies used for these items, as well as the general classification of such items:

Investments held in Rabbi Trusts - The investments include exchange-traded equity securities and mutual funds. Fair values for these investments were based on quoted prices in active markets and were therefore classified within Level 1 of the fair value hierarchy.

Interest rate swap - The derivative is a receive-variable, pay-fixed interest rate swap based on the LIBOR rate and is designated as a fair value hedge. Fair value was based on a model-driven valuation using the LIBOR rate, which was observable at commonly quoted intervals for the full term of the swap. Therefore, our interest rate swap was classified within Level 2 of the fair value hierarchy.