FINANCIAL DERIVATIVE INSTRUMENTS

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

FINANCIAL DERIVATIVE INSTRUMENTS

FINANCIAL DERIVATIVE INSTRUMENTS

The Company uses forward foreign exchange contracts as cash flow hedges to offset risks related to foreign currency transactions. These transactions primarily relate to non-functional currency denominated inter-company funding loans, non-functional currency inter-company accounts receivable, and significant non-functional currency denominated transactions with third parties.

The fair value position (recorded in interest and other, net, in the consolidated statements of operations and comprehensive income (loss)) of our derivatives are as follows:

	June 30, 2016
	Component of	Notional Amount		Maturity Dates	Fair Value
Designated as Hedges under ASC 815
None		$	—		$	—
Not Designated as Hedges under ASC 815
Foreign currency exchange forwards	Prepaid and other	8,684		July 2016	69
Foreign currency exchange forwards	Accrued expenses and other current liabilities	12,737		July/August 2016	(111		)
Total Derivative Instruments		$	21,421		$	(42	)

	December 31, 2015
	Component of	Notional Amount		Maturity Dates	Fair Value
Designated as Hedges under ASC 815
None		$	—		$	—
Not Designated as Hedges under ASC 815
Foreign currency exchange forwards	Prepaid and other	13,251		January 2016	86
Foreign currency exchange forwards	Accrued expenses and other current liabilities	14,044		January 2016	(65		)
Total Derivative Instruments		$	27,295		$	21

The changes in the fair value of our forward contracts are as follows:

	Location of Realized and Unrealized Net Gains (Losses) and Changes in the Fair Value of Forward Contracts	Amount of Realized and Unrealized Net Gains (Losses) and Changes in the Fair Value of Forward Contracts
		Three months ended June 30,					Six months ended June 30,
		2016			2015		2016			2015
Foreign currency exchange forwards	Interest and Other, net	$	(24	)	$	375	$	(516	)	$	671