Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments And Risk Management (Tables)

v2.4.0.6
Financial Instruments And Risk Management (Tables)
 3 Months Ended
Mar. 31, 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): 
 
March 31,
2013
 
December 31,
2012
 
March 31,
2012
Derivative instruments designated as cash flow hedges:
 
 
 
 
 
Currency forward contracts
$
72,500

 
$
70,000

 
$
118,525

Derivative instruments not designated as cash flow hedges:
 
 
 
 
 
Currency forward contracts
78,968

 
121,934

 
104,605

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
 
March 31,
2013
 
December 31,
2012
 
March 31,
2012
Derivative instruments designated as cash flow hedges:
 
 
 
 
 
 
 
 
Derivative instruments in asset positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Prepaid expenses and other current assets
 
$
4,553

 
$
2,147

 
$
4,250

Currency forward contracts
 
Other non-current assets
 
—

 
489

 
565

Derivative instruments in liability positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Accrued liabilities
 
119

 
579

 
67

Derivative instruments not designated as cash flow hedges:
 
 
 
 
 
 
 
 
Derivative instruments in asset positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Prepaid expenses and other current assets
 
512

 
4,072

 
1,193

Derivative instruments in liability positions:
 
 
 
 
 
 
 
 
Currency forward contracts
 
Accrued liabilities
 
684

 
743

 
421


Effect And Classification Of Derivative Instruments
The following table presents the effect and classification of derivative instruments (in thousands):
 
 
Statement of
Operations
Classification
 
Three Months Ended March 31,
 
 
 
2013
 
2012
Currency Forward Contracts:
 
 
 
 
 
 
Derivative instruments designated as cash flow hedges:
 
 
 
 
Gain (loss) recognized in other comprehensive income or loss
 
—
 
$
2,153

 
$
(1,170
)
Gain reclassified from accumulated other comprehensive income or loss to income for the effective portion
 
Cost of sales
 
860

 
311

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
 
(43
)
 
91

Derivative instruments not designated as cash flow hedges:
 
 
 
 
Gain recognized in income
 
Other non-operating expense
 
3,349

 
—

Loss recognized in income
 
Selling, general and administrative expense
 
—

 
(2,773
)