FINANCIAL DERIVATIVE INSTRUMENTS

12 Months Ended

Dec. 31, 2014

FINANCIAL DERIVATIVE INSTRUMENTS

13. FINANCIAL DERIVATIVE INSTRUMENTS

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

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

	December 31, 2014
	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		15,902		January 2015		74
Foreign currency exchange forwards	Accrued expenses and other current liabilities		25,378		January 2015		(265	)
Total Derivative Instruments		$	41,280			$	(191	)
	December 31, 2013
	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		43,265		January 2014		255
Foreign currency exchange forwards	Accrued expenses and other current liabilities		4,757		January 2014		(9	)
Total Derivative Instruments		$	48,022			$	246

The amounts of unrealized and realized net gains and changes in the fair value of our derivative positions are as follows:

	Location of Realized Net Gains and Changes in the Fair Value of Forward Contracts	Amount of Realized Net Gains and Changes in the Fair Value of Forward Contracts
		The year ended December 31,
		2014		2013		2012
Foreign currency exchange forwards	Interest and Other, net	$	48	$	644	$	2,060
	Discontinued Operations		—		160		—
		$	48	$	804	$	2,060