XML 23 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Derivatives (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives at Fair Value on a Recurring Basis
The following table sets forth the fair value of derivatives:
 
 
December 31, 2014
 
December 31, 2013
 
 
Fair Value Measurement Using
 
Total
 
Fair Value Measurement Using
 
Total
(In thousands)
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Balance
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Balance
Foreign currency exchange futures contracts
 
$

 
$
810

 
$

 
$
810

 
$

 
$
509

 
$

 
$
509

Schedule of Futures Contracts
Details of foreign currency exchange contracts held were as follows:
Date Held
 
Type
 
Position Held
 
Notional Value
(in millions)
 
Forward Rate
 
Gain/(Loss) Recorded at Balance Sheet
Date
(in thousands)(1)
 
Settlement Date
December 31, 2014
 
USD/Euro
 
USD
 
$
5.0

 
1.2450
 
$
140

 
January 23, 2015
December 31, 2014
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan
Renminbi
 
$
20.0

 
6.2757
 
$
174

 
January 16, 2015
December 31, 2014
 
USD/Brazilian Real
 
USD
 
$
5.0

 
2.3401
 
$
609

 
January 16, 2015
December 31, 2014
 
USD/Brazilian Real
 
Brazilian Real
 
$
2.5

 
2.5442
 
$
(113
)
 
January 16, 2015
December 31, 2013
 
USD/Euro
 
Euro
 
$
11.0

 
1.3782
 
$
(2
)
 
January 31, 2014
December 31, 2013
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan Renminbi
 
$
15.0

 
6.2047
 
$
358

 
January 15, 2014
December 31, 2013
 
USD/Brazilian Real
 
USD
 
$
3.0

 
2.3442
 
$
34

 
January 17, 2014
December 31, 2013
 
USD/Brazilian Real
 
USD
 
$
2.0

 
2.2301
 
$
119

 
January 17, 2014
(1) 
Gains on futures contracts are recorded in prepaid expenses and other current assets. Losses on futures contracts are recorded in other accrued expenses.