Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

	Total fair value	Quoted prices in active markets	Significant other observable inputs
(in thousands)		(Level 1)	(Level 2)
Fair Value at September 30, 2012
Assets:
Cash equivalents	$41,656	$41,656	$ -
Common stock of foreign public company	591	591	-
Foreign exchange contracts	123	-	123
Liabilities:
Interest rate swap	(5,150)	-	(5,150)
Fair Value at 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)

Schedule of Fair Value of Derivative Instruments

		September 30,	December 31,
(in thousands)	Balance sheet caption	2012	2011
Asset Derivatives
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Other assets	$123	$1
Total asset derivatives not designated as hedging instruments		$123	$1
Total asset derivatives		$123	$1
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate swap	Other noncurrent liabilities	($5,150)	($4,251)
Total liability derivatives designated as hedging instruments		($5,150)	($4,251)
Total liability derivatives		($5,150)	($4,251)
Total derivatives		($5,027)	($4,250)

Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments

	Three months ended		Nine months ended
	September 30,		September 30,
(in thousands)	2012	2011	2012	2011
Derivatives designated as hedging instruments
Interest rate swap 1	$144	($1,535)	$548	($2,460)
Derivatives not designated as hedging instruments
Foreign exchange options 2	(71)	(469)	47	(211)
Foreign exchange contracts 2	0	(382)	0	(382)

1 Unrealized losses are recognized in Other comprehensive income, net of tax. This derivative was an effective hedge of interest rate cash flow risk for the nine months ended September 30, 2012.

2 (Losses)/gains are recognized in Other expense, net.