XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivatives Derivatives (Tables)
 6 Months Ended
May 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The following table summarizes the notional amounts of these outstanding foreign currency forward contracts as of May 31, 2014 and November 30, 2013 (in thousands):

 
 
May 31, 2014
 
November 30, 2013
Notional amount of currency pair:
 
 
 
 
Contracts to buy USD with CAD
 
$
61,557

 
$
142,606

Contracts to buy CAD with GBP
 
C$
—

 
C$
28,741

Contracts to buy USD with EUR
 
$
20,567

 
$
17,522

Contracts to buy CHF with USD
 
$
13,504

 
$
15,308

Contracts to buy GBP with EUR
 
£
5,720

 
£
5,866

Contracts to buy USD with GBP
 
£
2,982

 
£
1,863
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table shows the classification, location, and fair value of our derivative instruments as of May 31, 2014 and November 30, 2013 (in thousands):

 
 
Fair Value of Derivative Instruments
 
 
 
 
May 31, 2014
 
November 30, 2013
 
Balance Sheet Location
Assets:
 
 
 
 
 
 
Derivatives designated as accounting hedges:
 
 
 
 
 
 
Foreign currency forwards
 
$
67

 
$
8

 
Other current assets
Derivatives not designated as accounting hedges:
 
 
 
 
 
 
Foreign currency forwards
 
160

 
1,548

 
Other current assets
Total
 
$
227

 
$
1,556

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives designated as accounting hedges:
 
 
 
 
 
 
Interest rate swaps
 
$
11,392

 
$
3,366

 
Other accrued expenses
Foreign currency forwards
 
185

 
423

 
Other accrued expenses
Derivatives not designated as accounting hedges:
 
 
 
 
 
 
Foreign currency forwards
 
294

 
957

 
Other accrued expenses
Total
 
$
11,871

 
$
4,746

 
 
Derivative Instruments, Gain (Loss) [Table Text Block]
The net gain (loss) on foreign currency forwards that are not designated as hedging instruments for the three and six months ended May 31, 2014 and 2013, respectively, was as follows (in thousands):

 
 
Amount of gain (loss) recognized in the consolidated statements of operations
 
 
 
 
Three months ended May 31,
 
Six months ended May 31,
 
 
 
 
2014
 
2013
 
2014
 
2013
 
Location on consolidated statements of operations
Foreign currency forwards
 
$
(1,274
)
 
$
1,598

 
$
931

 
$
3,955

 
Other expense (income), net
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table provides information about the cumulative amount of unrecognized hedge losses recorded in AOCI as of May 31, 2014 and November 30, 2013, as well as the activity on our cash flow hedging instruments for the three and six months ended May 31, 2014 and 2013, respectively (in thousands):

 
 
Three months ended May 31,
 
Six months ended May 31,
 
 
2014
 
2013
 
2014
 
2013
Beginning balance
 
$
(4,674
)
 
$
(2,057
)
 
$
(2,199
)
 
$
(2,225
)
Amount of gain (loss) recognized in AOCI on derivative:
 
 
 
 
 
 
 
 
Interest rate swaps
 
(2,792
)
 
55

 
(5,279
)
 
33

Foreign currency forwards
 
120

 
143

 
(171
)
 
85

Amount of loss (gain) reclassified from AOCI into income:
 
 
 
 
 
 
 
 
Interest rate swaps (1)
 
239

 
235

 
474

 
461

Foreign currency forwards (1)
 
144

 
(40
)
 
212

 
(18
)
Ending balance
 
$
(6,963
)
 
$
(1,664
)
 
$
(6,963
)
 
$
(1,664
)
 
 
 
 
 
 
 
 
 
(1) Amounts reclassified from AOCI into income related to interest rate swaps are recorded in interest expense, and amounts reclassified from AOCI into income related to foreign currency forwards are recorded in revenue.