Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Details of Derivative Contracts

Details of derivative contracts as of June 30, 2014 are as follows:

Date of transaction	Type of derivative	Total notional amount		Month of settlement
April 5, 2013	Zero cost collar	$	54,000	July to September 2014
May 29, 2013	Zero cost collar	$	54,000	October to December 2014
March 12, 2014	Zero cost collar	$	54,000	January to March 2015

Fair Value of Outstanding Zero Cost Collar Recorded as Assets

The fair values of the Company’s outstanding zero cost collar contracts recorded as assets as of June 30, 2014 and December 31, 2013 are as follows:

Derivatives designated as hedging instruments:		June 30, 2014		December 31, 2013
Asset Derivatives:
Zero cost collars	Other current assets	$	8,525	$	4,912

Offsetting of Derivative Assets

Offsetting of derivative assets as of June 30, 2014 and December 31, 2013 is as follows:

As of June 30, 2014	Gross amounts of recognized assets/liabilities		Gross amounts offset in the balance sheets		Net amounts of assets/liabilities presented in the balance sheets		Gross amounts not offset in the balance sheets				Net amount
							Financial instruments		Cash collateral received/pledged
Asset Derivatives:
Zero cost collars	$	8,525	$	—	$	8,525	$	—	$	—	$	8,525
As of December 31, 2013	Gross amounts of recognized assets/liabilities		Gross amounts offset in the balance sheets		Net amounts of assets/liabilities presented in the balance sheets		Gross amounts not offset in the balance sheets				Net amount
							Financial instruments		Cash collateral received/pledged
Asset Derivatives:
Zero cost collars	$	4,912	$	—	$	4,912	$	—	$	—	$	4,912

Impact of Derivative Instruments on Consolidated Statement of Operations

The following table summarizes the impact of derivative instruments on the consolidated statement of operations for the three months ended June 30, 2014 and 2013:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)					Location of Gain (Loss) Reclassified from AOCI into Statement of Operations (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Statement of Operations (Effective Portion)				Location of Gain (Loss) Recognized in Statement of Operations on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Statement of Operations on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Three Months Ended June 30,						Three Months Ended June 30,					Three Months Ended June 30,
	2014		2013 (As Restated)				2014		2013 (As Restated)			2014			2013 (As Restated)
Forward	$	—	$	(280	)	Net sales	$	—	$	—	Other income (expenses) — Others	$	—		$	(107	)
Zero cost collars		8,002		(6,059	)	Net sales		2,647		5	Other income (expenses) — Others		(36	)		(124	)
Total	$	8,002	$	(6,339	)		$	2,647	$	5		$	(36	)	$	(231	)

The following table summarizes the impact of derivative instruments on the consolidated statement of operations for the six months ended June 30, 2014 and 2013:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)					Location of Gain (Loss) Reclassified from AOCI into Statement of Operations (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Statement of Operations (Effective Portion)				Location of Gain (Loss) Recognized in Statement of Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Statement of Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Six Months Ended June 30,						Six Months Ended June 30,					Six Months Ended June 30,
	2014		2013 (As Restated)				2014		2013 (As Restated)			2014			2013 (As Restated)
Forward	$	—	$	(280	)	Net sales	$	—	$	—	Other income (expenses) — Others		$ —		$	(107	)
Zero cost collars		6,201		(11,541	)	Net sales		2,644		255	Other income (expenses) — Others		(52	)		(337	)
Total	$	6,201	$	(11,821	)		$	2,644	$	255		$	(52	)	$	(444	)