Derivatives (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Primary Net Hedging Positions and Corresponding Fair Values

The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of September 30, 2014 and December 31, 2013:

	September 30, 2014
Currency Hedged (Buy/Sell)	Gross Notional Value		Fair Value(1) Asset/(Liability)
U.S. Dollar/Japanese Yen	$	9,014	$	610
U.S. Dollar/South Korean Won		10,122		48
U.S. Dollar/Euro		2,500		205
U.S. Dollar/U.K. Pound Sterling		1,261		40
U.S. Dollar/Taiwan Dollar		4,746		51
Total	$	27,643	$	954

(1) Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets.

	December 31, 2013
Currency Hedged (Buy/Sell)	Gross Notional Value		Fair Value(1) Asset/(Liability)
U.S. Dollar/Japanese Yen	$	7,191	$	920
U.S. Dollar/South Korean Won		9,254		(521	)
U.S. Dollar/Euro		2,806		(85	)
U.S. Dollar/U.K. Pound Sterling		1,767		(50	)
Total	$	21,018	$	264

(1) Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets.

Summary of Fair Value Amounts of Company's Derivative Instruments

The following table provides a summary of the fair value amounts of the Company’s derivative instruments:

	September 30, 2014			December 31, 2013
Derivative assets:
Forward exchange contracts	$	1,042		$	920
Derivative liabilities:
Forward exchange contracts		(88	)		(656	)
Total net derivative asset (liability) designated as hedging instruments(1)	$	954		$	264

(1) The derivative asset of $1,042 and derivative liability of $(88) are classified in other current assets and other current liabilities in the consolidated balance sheet as of September 30, 2014. The derivative asset of $920 and derivative liability of $(656) are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of December 31, 2013. These foreign exchange contracts are subject to a master netting agreement with one financial institution. However, the Company has elected to record these contracts on a gross basis in the balance sheet.

Summary of Gains (Losses) on Derivatives Designated as Hedging Instruments

The following table provides a summary of the gains (losses) on derivatives designated as hedging instruments:

	Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives Designated as Cash Flow Hedging Relationships	2014			2013			2014			2013
Forward exchange contracts:
Net gain (loss) recognized in OCI(1)	$	2,071		$	(1,837	)	$	689		$	(315	)
Net (loss) gain reclassified from OCI into income(2)	$	(352	)	$	297		$	(145	)	$	1,102

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

(2) Effective portion classified in cost of products for the three and nine months ended September 30, 2014 and 2013.

Summary of (Losses) Gains on Derivatives Not Designated as Hedging Instruments

The following table provides a summary of (losses) gains on derivatives not designated as hedging instruments:

	Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments	2014			2013			2014			2013
Forward exchange contracts:
Net gain (loss) recognized in income(1)	$	(70	)	$	(514	)	$	(168	)	$	141

(1) The Company enters into foreign exchange contracts to hedge against changes in the balance sheet for certain subsidiaries. These derivatives are not designated as hedging instruments and are recorded immediately in selling, general and administrative expenses.