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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2012
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present our assets and liabilities that are measured at fair value on a recurring basis at December 31, 2012:

 

     Fair Value Measurements at December 31, 2012  

Assets

   Total     Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Marketable securities

   $ 13,492      $ 13,492       $ —        $ —     

Hedging contracts

     48,854        —           48,854        —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 62,346      $ 13,492       $ 48,854      $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 
     Fair Value Measurements at December 31, 2012  

Liabilities

   Total     Quoted Prices in
Active Markets for
Identical  Liabilities

(Level 1)
     Significant Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Hedging contracts

   ($ 1,679   $ —         ($ 1,679   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   ($ 1,679   $ —         ($ 1,679   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

The following tables present our assets and liabilities that are measured at fair value on a recurring basis at December 31, 2011:

 

     Fair Value Measurements at December 31, 2011  

Assets

   Total     Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Marketable securities

   $ 11,961      $ 11,961       $ —        $ —     

Hedging contracts

     47,720        —           47,720        —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 59,681      $ 11,961       $ 47,720      $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 
     Fair Value Measurements at December 31, 2011  

Liabilities

   Total     Quoted Prices in
Active Markets for
Identical  Liabilities

(Level 1)
     Significant Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Hedging contracts

   ($ 11,937   $ —         ($ 11,937   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   ($ 11,937   $ —         ($ 11,937   $ —