Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments And Risk Management (Tables)

v2.4.0.8
Financial Instruments And Risk Management (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedges, Assets [Abstract]  
Gross Notional Amount Of Outstanding Derivative Instruments
The following table presents the gross notional amount of outstanding derivative instruments (in thousands): 
 
September 30,
2013
 
December 31,
2012
 
September 30,
2012
Derivative instruments designated as cash flow hedges:
 
 
 
 
 
Currency forward contracts
$
84,500

 
$
70,000

 
$
97,925

Derivative instruments not designated as cash flow hedges:
 
 
 
 
 
Currency forward contracts
65,900

 
121,934

 
89,462

Balance Sheet Classification And Fair Value Of Derivative Instruments
The following table presents the balance sheet classification and fair value of derivative instruments (in thousands):
 
 
Balance Sheet Classification
 
September 30,
2013
 
December 31,
2012
 
September 30,
2012
Derivative instruments designated as cash flow hedges:
 
 
 
 
 
 
 
 
Derivative instruments in asset positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Prepaid expenses and other current assets
 
$
1,526

 
$
2,147

 
$
2,170

Currency forward contracts
 
Other non-current assets
 
—

 
489

 
—

Derivative instruments in liability positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Accrued liabilities
 
573

 
579

 
580

Derivative instruments not designated as cash flow hedges:
 
 
 
 
 
 
 
 
Derivative instruments in asset positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Prepaid expenses and other current assets
 
403

 
4,072

 
582

Derivative instruments in liability positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Accrued liabilities
 
26

 
743

 
1,640


Effect And Classification Of Derivative Instruments
The following table presents the statement of operations effect and classification of derivative instruments (in thousands):
 
 
Statement of
Operations
Classification
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
Currency Forward Contracts:
 
 
 
 
 
 
 
 
 
 
Derivative instruments designated as cash flow hedges:
 
 
 
 
 
 
 
 
Gain (loss) recognized in other comprehensive income or loss
 
—
 
$
(951
)
 
$
(736
)
 
$
1,929

 
$
(143
)
Gain reclassified from accumulated other comprehensive income or loss to income for the effective portion
 
Cost of sales
 
3,217

 
3,219

 
4,843

 
4,011

Gain reclassified from accumulated other comprehensive income or loss to income as a result of cash flow hedge discontinuance
 
Cost of sales
 
—

 
—

 
—

 
441

Gain (loss) recognized in income for amount excluded from effectiveness testing and for the ineffective portion
 
Cost of sales
 
8

 
(12
)
 
(37
)
 
(16
)
Derivative instruments not designated as cash flow hedges:
 
 
 
 
 
 
 
 
Gain recognized in income
 
Other non-operating income (expense)
 
137

 
—

 
6,149

 
—

Loss recognized in income
 
Selling, general and administrative expense
 
—

 
(881
)
 
—

 
(7,134
)