Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Instruments

Fair values and balance sheet presentation and income statement impact of derivative instruments not designated as hedging instruments

		Fair Value		Fair Value
		As of		As of
(in thousands)	Balance Sheet Location	June 30, 2011		December 31, 2010
Asset Derivatives
Currency swaps	Accounts receivable	$		$
Forward exchange contracts	Accounts receivable	74		90
Total asset derivatives not designated as hedging instruments		$	74	$	90
Liability Derivatives
Currency swaps	Accounts payable	$		$	1,368
Forward exchange contracts	Accounts payable	72		77
Total liability derivatives not designated as hedging instruments		$	72	$	1,445

The income statement impact of derivative instruments not designated as hedging instruments is presented in the table below:

	Location of (Gain) Loss	Amount of (Gain) Loss Recognized in Income on Derivatives
	Recognized in Income	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	on Derivatives	2011			2010			2011			2010
Currency swap contracts	Other non-operating (income) expense, net	$	3,613		$	447		$	7,533		$	998
Forward exchange contracts	Other operating (income) expense, net	(670		)	(165		)	(1,856		)	(38		)
Total		$	2,943		$	282		$	5,677		$	960