DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value Carrying Amount of Derivative Instruments

The fair value carrying amounts of the Company’s derivative instruments were as follows:

	Asset Derivatives			Liability Derivatives
	December 31, 2015			December 31, 2015
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Forward foreign currency exchange contracts	Other current assets	$	10,478	Accounts payable & accrued liabilities	$	1,986
Forward foreign currency exchange contracts	Other assets		3,533	Other long- term liabilities		3,057
Total		$	14,011		$	5,043
Derivatives not designated as hedging instruments:
Forward foreign currency exchange contracts	Other current assets	$	—	Accounts payable & accrued liabilities	$	22
Total			—			22
Total value of derivative contracts		$	14,011		$	5,065

	Asset Derivatives			Liability Derivatives
	December 31, 2014			December 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Forward foreign currency exchange contracts	Other current assets	$	10,206	Accounts payable & accrued liabilities	$	—
Forward foreign currency exchange contracts	Other assets		5,387	Other long- term liabilities		—
Total		$	15,593		$	—
Derivatives not designated as hedging instruments:
Forward foreign currency exchange contracts	Other current assets	$	307	Accounts payable & accrued liabilities	$	12
Total			307			12
Total value of derivative contracts		$	15,900		$	12

Effect of Derivative Instruments

The effect of the Company’s derivative instruments on the Consolidated Financial Statements for the years ended December 31, 2015, 2014 and 2013 was as follows:

	Forward Foreign Currency Exchange Contracts
	2015			2014			2013
Derivatives Designated as Hedging Instruments:
Net gain (loss) recognized in Other Comprehensive Income (OCI)⁽¹⁾	$	17,300		$	18,078		$	(1,366	)
Net gain (loss) reclassified from accumulated OCI into income⁽²⁾		19,604			643			49
Net gain (loss) recognized in net loss ⁽³⁾		(727	)		(294	)		310
Derivatives Not Designated as Hedging Instruments:
Net gain (loss) recognized in net loss⁽⁴⁾	$	4,493		$	8,010		$	(2,041	)

(1)	Net change in the fair value of the effective portion classified as OCI.

(2)	Effective portion classified as net product revenues.

(3)	Ineffective portion and amount excluded from effectiveness testing classified as SG&A expense.

(4)	Classified as selling, general and administrative expense.