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FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on a recurring basis
The following table provides a summary of fair value assets and liabilities as of December 31, 2012 measured at fair value on a recurring basis:
Description
 
Balance as of December 31, 2012
 
Quoted Prices in
Active Markets for
Identical Assets or
Liabilities
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs (Level 3)
Assets:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
862

 
$

 
$
862

 
$

Commodity contracts
 
731

 

 
731

 

Total assets
 
$
1,593

 
$

 
$
1,593

 
$

Liabilities:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
1,227

 
$

 
$
1,227

 
$

Contingent consideration
 
4,894

 

 

 
4,894

Deferred compensation
 
16,882

 

 
16,882

 

Total liabilities
 
$
23,003

 
$

 
$
18,109

 
$
4,894

The following table provides a summary of fair value assets and liabilities as of December 31, 2011 measured at fair value on a recurring basis:
Description
 
Balance as of December 31, 2011
 
Quoted Prices in
Active Markets for
Identical Assets or
Liabilities
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs (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