Stockholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock Repurchase Programs

In October 21, 2008, the Company’s Board of Directors authorized management to repurchase up to 6.0 million shares of the Company’s outstanding common stock. Under this authorization, the timing and actual number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash requirements for acquisitions and the price of the Company’s common stock. On October 17, 2014, the Board of Directors authorized the management to repurchase up to 3.0 million shares of the Company's outstanding common stock, incremental to the remaining shares under the Company's previous share repurchase program. The Company repurchased, reported based on trade date, approximately 2.8 million shares of common stock at a cost of $90.6 million under the authorization during the year ended December 31, 2014. This leaves 3.0 million shares remaining in the Company's buyback program. During the year ended December 31, 2013, the Company repurchased and retired, reported based on trade date, approximately 2.0 million shares of common stock at a cost of $63.1 million under this authorization. The Company did not repurchase any shares during the year ended December 31, 2012.

The Company repurchased, as reported based on trade date, approximately 82,000 shares of common stock at a cost of $2.6 million, under a repurchase program to help administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs during the year ended December 31, 2014. Similarly, during the years ended December 31, 2013 and December 31, 2012, the Company repurchased approximately 14,000 shares of common stock at a cost of $0.5 million and 22,000 shares of common stock at a cost of $0.9 million, respectively, under the same program to help facilitate tax withholding for RSUs.

These shares were retired upon repurchase. The Company’s policy related to repurchases of its common stock is to charge the excess of cost over par value to retained earnings. All repurchases were made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in accumulated other comprehensive income by component, net of tax, during the years ended December 31, 2014 and 2013 (in thousands):

	Gains and losses on available for sale securities			Gains and losses on derivatives			Total
Balance as of December 31, 2011	$	17		$	6		$	23
Other comprehensive income (loss) before reclassifications	11			164			175
Amounts reclassified from accumulated other comprehensive loss	—			(194		)	(194		)
Net current period other comprehensive income (loss)	11			(30		)	(19		)
Balance as of December 31, 2012	$	28		$	(24	)	$	4
Other comprehensive income (loss) before reclassifications	(24		)	775			751
Amounts reclassified from accumulated other comprehensive loss	—			(686		)	(686		)
Net current period other comprehensive income (loss)	(24		)	89			65
Balance as of December 31, 2013	$	4		$	65		$	69
Other comprehensive income (loss) before reclassifications	(9		)	292			283
Amounts reclassified from accumulated other comprehensive loss	—			(314		)	(314		)
Net current period other comprehensive loss	(9		)	(22		)	(31		)
Balance as of December 31, 2014	$	(5	)	$	43		$	38

The following tables provide details about significant amounts reclassified out of each component of accumulated other comprehensive income for the years ended December 31, 2014 and 2013 (in thousands):

Details about Accumulated Other Comprehensive Income Components	Year Ended December 31, 2014				Year Ended December 31, 2013				Year Ended December 31, 2012
	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations
Gains and losses on cash flow hedge:
Foreign currency forward contracts	$	459		Net revenue	$	844		Net revenue	$	262		Net revenue
Foreign currency forward contracts	4			Cost of revenue	(9		)	Cost of revenue	(1		)	Cost of revenue
Foreign currency forward contracts	(149		)	Operating expenses	(149		)	Operating expenses	(67		)	Operating expenses
	314			Total before tax	686			Total before tax	194			Total before tax
	—			Tax expense (1)	—			Tax expense (1)	—			Tax expense (1)
	$	314		Total, net of tax	$	686		Total, net of tax	$	194		Total, net of tax

(1) Under our tax structure all hedging gains and losses from derivative contracts are ultimately borne by a legal entity in a jurisdiction with no income tax.