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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis by Level within Fair Value Hierarchy

Financial assets and liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, consisted of the following (in thousands), as of:

 

         December 31, 2014  
         Fair Value Measurements
Using Input Types
 
    

Line Item

  Level 1     Level 2     Level 3     Total  

Non-hedging derivative assets:

          

Foreign currency forward contracts

   Prepaid expenses and other current assets   $ 0      $ 1,647      $ 0      $ 1,647   

Non-hedging derivative liabilities:

          

Foreign currency forward contracts

   Accounts payable and accrued expenses   $ 0      $ 6      $ 0      $ 6   
         December 31, 2013  
         Fair Value Measurements
Using Input Types
 
    

Line Item

  Level 1     Level 2     Level 3     Total  

Non-hedging derivative assets:

          

Foreign currency forward contracts

   Prepaid expenses and other current assets   $ 0      $ 5      $ 0      $ 5   

Non-hedging derivative liabilities:

          

Foreign currency forward contracts

   Accounts payable and accrued expenses   $ 0      $ 46      $ 0      $ 46   
Sale Contracts Consisted in Foreign Currency Forward Contracts Outstanding

All foreign currency forward contracts outstanding as of December 31, 2014 were for durations of twelve months or less and consisted of the following sale contracts (in thousands):

 

     Notional Value
Local Currency
     Notional Value
U.S. Dollar
     Fair Value
Gain (Loss)
U.S. Dollar
 

Forward contracts to sell:

           

Australian Dollar

     AUD         985       $ 900       $ 103   

Brazilian Real

     BRL         3,184         1,300         157   

British Pound

     GBP         950         1,600         122   

Canadian Dollar

     CAD         757         700         49   

Chinese Renminbi

     CNY         10,664         1,700         (5

Euro

     EUR         3,534         4,800         515   

Indian Rupee

     INR         19,347         300         3   

Japanese Yen

     JPY         131,508         1,300         201   

Korean Won

     KRW         881,552         850         53   

Mexican Peso

     MXN         4,001         300         32   

Polish Zloty

     PLN         4,980         1,600         203   

Russian Rouble

     RUB         7,323         200         86   

Singapore Dollar

     SGD         500         400         23   

South African Rand

     ZAR         6,769         600         32   

Swedish Krona

     SEK         1,698         250         33   

Swiss Franc

     CHF         268         300         30   

Turkish New Lira

     TRY         230         100         5   

United Arab Emirates Dirham

     AED         738         200         (1
        

 

 

    

 

 

 
$ 17,400    $ 1,641   
        

 

 

    

 

 

 
Changes in Fair Value of Foreign Currency Forward Contracts

Changes in the fair value of our foreign currency forward contracts during 2014, 2013, and 2012 were as follows (in thousands):

 

    

Gain (Loss) on Derivative Instruments Recognized in Income

 
          Years Ended December 31,  
    

Location

   2014      2013      2012  

Non-hedging derivative instruments:

           

Unrealized gain (loss) on foreign currency forward contracts

   Other income (expense), net    $ 1,682       $ (41    $ 0   

Realized loss on foreign currency forward contracts

   Other (expense) income, net    $ (562    $ (629    $ 0