Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Change in Acquisition-Related Contingent Consideration Liability

The following table represents the change in the acquisition-related contingent consideration liability during the three and nine months ended September 30, 2012 and 2011:


	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands)	2012		2011			2012			2011
Beginning balance	$	8,237	$	23,882		$	14,990		$	19,864
Acquisition date fair value measurement		1,150		—			1,150			3,000
Adjustments to fair value recorded in earnings^(a)		404		944			(2,581	)		2,538
Payments		—		—			(1,287	)		(577	)
Elimination of contingency^(b)		—		—			(2,534	)		—
Unrealized gains (losses) related to currency translation in other comprehensive income		59		(95	)		112			(94	)

Ending balance	$	9,850	$	24,731		$	9,850		$	24,731

^(a)	Adjustments to fair value related to accretion and remeasurement of contingent consideration are recorded in “Acquisition-related contingent consideration” on the Condensed Consolidated Statements of Comprehensive Income.

^(b)

During the three months ended June 30, 2012, we fixed an acquisition-related contingent consideration liability in the amount of $2.5 million. The non-contingent consideration liability is no longer required to be remeasured to fair value and, accordingly, is not classified as a Level 3 measurement.

Schedule of Financial Liabilities Measured at Fair Value

The following table presents financial liabilities measured at fair value:


	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of September 30, 2012
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	9,850	$	9,850
As of December 31, 2011
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	14,990	$	14,990