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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2011
Fair-Value Measurements [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities

The following table presents the fair-value hierarchy for our Level 1 and 2 financial assets and liabilities measured at fair value on a recurring basis:

(in thousands)   Total fair
value at
year end
  Quoted prices
in active
markets
(Level 1)
  Significant
other
observable
inputs
(Level 2)
Year ended December 31, 2011        
Assets:            
   Cash equivalents   $30,287   $30,287    $                -
   Common stock of foreign public company   577   577                    -
   Foreign exchange contracts   1                    -                      1
Liabilities:            
   Interest rate swap   (4,251)                    -            (4,251)
             
             
Year ended December 31, 2010            
Assets:            
   Cash equivalents   $23,087   $23,087    $                -
   Common stock of foreign public company   561   561                    -
   Foreign exchange contracts   862                    -                862
Liabilities:            
   Interest rate swap   (452)                    -              (452)
             
Schedule of Fair Value of Derivative Instruments

Fair value amounts of derivative instruments were as follows:

(in thousands) Balance sheet caption 2011     2010
             
Asset Derivatives            
Derivatives not designated as hedging instruments:            
     Foreign exchange contracts  Other assets   $1                  $862
Total asset derivatives     $1                   862
             
Liability Derivatives            
Derivatives designated as hedging instruments:            
     Interest rate swap Other
noncurrent liabilities
($4,251)                 $(452)
Total liability derivatives     ($4,251)                    (452)
Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments

(Losses) on changes in fair value of derivative instruments were as follows:

      Years ended December 31,
(in thousands) 2011   2010
       
Derivatives designated as hedging instruments      
   Interest rate swap 1 ($2,317)                  $(276)
Derivatives not designated as hedging instruments      
   Forward exchange options 2          (210)                   (222)
   Forward currency contracts 2          (383)                         -

 

1   Unrealized losses are recognized in Other comprehensive income, net of tax. This derivative was a 100% effective hedge of interest rate cash flow risk for the year ended December 31, 2011.
2   Losses are recognized in Other expense, net.