Annual report pursuant to Section 13 and 15(d)

Fair Value Of Measurements

v2.4.0.6
Fair Value Of Measurements
12 Months Ended
Dec. 31, 2011
Fair Value Of Measurements [Abstract]  
Fair Value Of Measurements

NOTE 9. FAIR VALUE OF MEASUREMENTS

We measure financial assets and liabilities at fair value on a recurring basis based on the quality of inputs used to measure fair value.The three fair value hierarchy levels are defined as follows:

Level 1- inputs to the valuation methodology are quoted market prices for identical assets or liabilities in active markets.

Level 2- inputs to the valuation methodology include quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability.

Level 3- inputs to the valuation methodology are based on prices or valuation techniques that are unobservable.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2011 and 2010 were as follows:

        December 31, 2011    
    Level 1   Level 2 Level 3   Total
 
Assets              
Forward exchange contracts $   - $ 842 $ - $ 842
  $   - $ 842 $ - $ 842
 
Liabilities              
Forward exchange contracts $   - $ 156 $ - $ 156
  $   - $ 156 $ - $ 156
 
        December 31, 2010    
    Level 1   Level 2 Level 3   Total
 
Assets              
Forward exchange contracts $   - $ 1,346 $ - $ 1,346
  $   - $ 1,346 $ - $ 1,346
 
Liabilities              
Forward exchange contracts $   - $ 1,387 $ - $ 1,387
  $   - $ 1,387 $ - $ 1,387