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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Financial Instruments [Abstract]  
Summary of Derivative Financial Instruments Notional Amounts on Outstanding Positions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Foreign currency exchange forward contracts by currency:

 

 

 

 

 

 

Japanese Yen

 

 

 

 

 

 

 

$

98,390 

 

$

44,533 

Euro

 

 

 

 

 

 

 

 

34,219 

 

 

134,755 

British Pound Sterling

 

 

 

 

 

 

 

 

21,859 

 

 

17,230 

South Korean Won

 

 

 

 

 

 

 

 

7,981 

 

 

14,590 

Mexican Peso

 

 

 

 

 

 

 

 

7,277 

 

 

13,180 

Australian Dollar

 

 

 

 

 

 

 

 

6,459 

 

 

7,913 

South African Rand

 

 

 

 

 

 

 

 

6,402 

 

 

4,355 

Indian Rupee

 

 

 

 

 

 

 

 

5,036 

 

 

3,356 

Canadian Dollar

 

 

 

 

 

 

 

 

1,980 

 

 

3,005 

New Taiwan Dollar

 

 

 

 

 

 

 

 

1,798 

 

 

3,229 

Swedish Krona

 

 

 

 

 

 

 

 

1,655 

 

 

1,918 

Hong Kong Dollar

 

 

 

 

 

 

 

 

668 

 

 

814 

Russian Ruble

 

 

 

 

 

 

 

 

667 

 

 

1,838 

Singapore Dollar

 

 

 

 

 

 

 

 

 -

 

 

61,887 

Chinese Yuan Renminbi

 

 

 

 

 

 

 

 

 -

 

 

5,376 

Norwegian Krone

 

 

 

 

 

 

 

 

 -

 

 

917 

New Zealand Dollar

 

 

 

 

 

 

 

 

 -

 

 

743 

Brazilian Real

 

 

 

 

 

 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Total notional value, net

 

 

 

 

 

 

 

$

194,391 

 

$

319,639 

 

 

 

 

 

 

 

 

 

 

 

 

 

Latest maturity date

 

 

 

 

 

 

 

January 2016

 

January 2015

 

Summary of Gain/Loss on Derivative Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Foreign currency gain (loss)

 

$

3,980 

 

$

(1,097)

 

$

(17,680)

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

Foreign currency exchange forwards gain (loss)

 

 

(7,312)

 

 

(3,788)

 

 

13,002 

Foreign currency transaction loss, net

 

$

(3,332)

 

$

(4,885)

 

$

(4,678)