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FAIR VALUE (Tables)
9 Months Ended
Sep. 30, 2012
FAIR VALUE  
Summary of assets and liabilities measured at fair value on a recurring basis

The following table provides a summary of assets and liabilities as of September 30, 2012 measured at fair value on a recurring basis:

 

 

 

Balance as of

 

Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities

 

Significant
Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

Description

 

September 30, 2012

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

905

 

$

 

$

905

 

$

 

Commodity contracts

 

5

 

 

5

 

 

Total assets

 

$

910

 

$

 

$

910

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

546

 

$

 

$

546

 

$

 

Commodity contracts

 

1,010

 

 

1,010

 

 

Contingent consideration

 

4,739

 

 

 

4,739

 

Deferred compensation

 

16,610

 

 

16,610

 

 

Total liabilities

 

$

22,905

 

$

 

$

18,166

 

$

4,739

 

 

The following table provides a summary of assets and liabilities as of December 31, 2011 measured at fair value on a recurring basis:

 

 

 

Balance as of

 

Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities

 

Significant
Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

Description

 

December 31, 2011

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

1,527

 

$

 

$

1,527

 

$

 

Commodity contracts

 

1,559

 

 

1,559

 

 

Total assets

 

$

3,086

 

$

 

$

3,086

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

1,557

 

$

 

$

1,557

 

$

 

Contingent consideration

 

4,297

 

 

 

4,297

 

Deferred compensation

 

14,936

 

 

14,936

 

 

Total liabilities

 

$

20,790

 

$

 

$

16,493

 

$

4,297