v2.4.0.8

Fair Value Measurements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of September 30, 2013 and December 31, 2012 (in thousands):

	Balance as of September 30, 2013				Fair Value Measurements as of September 30, 2013
					Level 1				Level 2				Level 3
Assets:
Cash surrender value of life insurance	$	23,847			$	—			$	23,847			$	—
Interest rate swaps	52								52
Total Assets	$	23,899			$	—			$	23,899			$	—
Liabilities:
Contingent consideration liabilities	$	54,485			$	—			$	—			$	54,485
Deferred compensation liabilities	23,572				—				23,572				—
Foreign currency forward contracts	15,403				—				15,403				—
Interest rate swaps	9,606				—				9,606				—
Total Liabilities	$	103,066			$	—			$	48,581			$	54,485

	Balance as of December 31, 2012				Fair Value Measurements as of December 31, 2012
					Level 1				Level 2				Level 3
Assets:
Cash surrender value of life insurance	$	19,492			$	—			$	19,492			$	—
Total Assets	$	19,492			$	—			$	19,492			$	—
Liabilities:
Contingent consideration liabilities	$	90,009			$	—			$	—			$	90,009
Deferred compensation liabilities	19,843				—				19,843				—
Interest rate swaps	15,643				—				15,643				—
Total Liabilities	$	125,495			$	—			$	35,486			$	90,009

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of December 31, 2012 and 2011 (in thousands):

	Balance as of December 31, 2012				Fair Value Measurements as of December 31, 2012
					Level 1				Level 2				Level 3
Assets:
Cash surrender value of life insurance	$	19,492			$	—			$	19,492			$	—
Total Assets	$	19,492			$	—			$	19,492			$	—
Liabilities:
Contingent consideration liabilities	$	90,009			$	—			$	—			$	90,009
Deferred compensation liabilities	19,843				—				19,843				—
Interest rate swaps	15,643				—				15,643				—
Total Liabilities	$	125,495			$	—			$	35,486			$	90,009

	Balance as of December 31, 2011				Fair Value Measurements as of December 31, 2011
					Level 1				Level 2				Level 3
Assets:
Cash surrender value of life insurance	$	13,413			$	—			$	13,413			$	—
Total Assets	$	13,413			$	—			$	13,413			$	—
Liabilities:
Contingent consideration liabilities	$	82,382			$	—			$	—			$	82,382
Deferred compensation liabilities	14,071				—				14,071				—
Interest rate swaps	10,576				—				10,576				—
Total Liabilities	$	107,029			$	—			$	24,647			$	82,382

Significant Unobservable Inputs Used In Fair Value Measurements

The significant unobservable inputs used in the fair value measurements of our Level 3 contingent consideration liabilities were as follows:

Unobservable Input	September 30, 2013 Weighted Average			December 31, 2012 Weighted Average
Probability of achieving payout targets	71.7	%		79.7	%
Discount rate	6.5	%		6.6	%

The significant unobservable inputs used in the fair value measurements of our Level 3 contingent consideration liabilities were as follows:

	December 31,
	2012			2011
Unobservable Input	(Weighted Average)
Probability of achieving payout targets	79.7	%		78.1	%
Discount rate	6.6	%		3.0	%

Changes In Fair Value Of Contingent Consideration Obligations

Changes in the fair value of our contingent consideration liabilities for the three and nine months ended September 30, 2013 and 2012 were as follows (in thousands):

	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2013				2012				2013				2012
Beginning balance	$	49,473			$	88,037			$	90,009			$	82,382
Contingent consideration liabilities recorded for business acquisitions	1,204				—				3,854				5,540
Payments	—				—				(38,349		)		(600		)
Loss included in earnings	712				1,892				1,765				1,787
Exchange rate effects	3,096				2,353				(2,794		)		3,173
Ending balance	$	54,485			$	92,282			$	54,485			$	92,282

Changes in the fair value of our contingent consideration obligations are as follows (in thousands):

Balance as of January 1, 2011	$	2,000
Contingent consideration liabilities recorded for business acquisitions	81,239
Decrease in fair value included in earnings	(1,408		)
Exchange rate effects	551
Balance as of December 31, 2011	$	82,382
Contingent consideration liabilities recorded for business acquisitions	5,456
Payments	(3,100		)
Increase in fair value included in earnings	1,643
Exchange rate effects	3,628
Balance as of December 31, 2012	$	90,009

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Schedule of unobservable inputs used in the fair value measurements [Table Text Block]

+ References

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

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