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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities measured on a recurring basis
The fair values of our financial instruments as of December 31, 2011 are presented in the following table:

 
Fair Value Measurements Using
 
 
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Fair Value
Financial Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
259,266

 
$

 
$

 
$
259,266

Restricted cash

 
22,044

 

 
22,044

Equity securities
20,884

 

 

 
20,884

Total Financial Assets
$
280,150

 
$
22,044

 
$

 
$
302,194

 
 
 
 
 
 
 
 
Financial Liabilities:
 
 
 
 
 
 
 
Total debt

 
828,990

 

 
828,990

Total Financial Liabilities
$

 
$
828,990

 
$

 
$
828,990

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swap agreements
$

 
$
(5,078
)
 
$

 
$
(5,078
)

    
The fair values of our financial instruments as of December 31, 2010 are presented in the following table:

 
Fair Value Measurements Using
 
 
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Fair Value
Financial Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
426,212

 
$

 
$

 
$
426,212

Restricted cash

 
21,095

 

 
21,095

Debt securities
1,791

 

 

 
1,791

Equity securities
73,430

 

 

 
73,430

Total Financial Assets
$
501,433

 
$
21,095

 
$

 
$
522,528

 
 
 
 
 
 
 
 
Financial Liabilities:
 
 
 
 
 
 
 
Total debt

 
727,440

 

 
727,440

Total Financial Liabilities
$

 
$
727,440

 
$

 
$
727,440

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swap agreements
$

 
$
5,156

 
$

 
$
5,156

Foreign currency forward purchase agreements, net
$

 
$
(971
)
 
$

 
$
(971
)