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Foreign Currency Translation
6 Months Ended
Jun. 30, 2012
Foreign Currency Translation [Abstract]  
Foreign Currency Translation

14. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $23,682 and $39,544 at December 31, 2011 and June 30, 2012, respectively, includes the cumulative foreign currency adjustments of $(11,325) and $(34,572), respectively, from translating the financial statements of the Company’s international subsidiaries, and also includes the change in fair values of the Company’s interest rate swap agreements that are designated as hedges and the change in fair value of the Company’s available-for-sale securities.

All foreign countries where the Company has operations are non-highly inflationary and the local currency is the same as the functional currency in all of the locations. Thus, any fluctuation in the currency results in a cumulative foreign currency translation adjustment recorded to accumulated other comprehensive loss.

Below is a summary of the impact of translating the June 30, 2012 financial statements of certain of the Company’s international subsidiaries:

 

                                 
     Exchange Rate as of     Total Assets at     Accumulated
Other
Comprehensive
Income (Loss) For
Six Months Ended
 

Country

  June 30, 2012     December 31, 2011     June 30, 2012     June 30, 2012  

Brazil

    2.08       1.87     $ 300,827     $ (25,234

Mexico

    13.48       14.00     $ 129,894       2,819  

Argentina

    4.53       4.31     $ 131,859       (4,948

Colombia

    1,785.0       1,950.0     $ 41,769       2,451  

Chile

    501.0       520.7     $ 44,146       1,242  

All other

                            423  
                           

 

 

 
                            $ (23,247