Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements

6. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

The following tables summarize the financial instruments required to be measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012:

	Fair Value as of September 30, 2013
	Quoted prices in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	assets or liabilities		inputs		inputs
($ thousands)	(Level 1)		(Level 2)		(Level 3)			Total	Balance Sheet Classification
Cash equivalents	$	121,052	$	-	$	-	$	121,052	Cash and cash equivalents and restricted cash
Derivative assets:
Foreign currency contracts		-		11,071		-		11,071	Prepaid expenses and other current assets and other assets
Derivative liabilities:
Foreign currency contracts	$	-	$	1,199	$	-	$	1,199	Accrued expense and other current liabilities
	Fair Value as of December 31, 2012
	Quoted prices in		Significant
	active markets		other		Significant
	for identical		observable		unobservable
	assets or liabilities		inputs		inputs
($ thousands)	(Level 1)		(Level 2)		(Level 3)			Total	Balance Sheet Classification
Cash equivalents	$	14,800	$	-	$	-	$	14,800	Cash and cash equivalents
Derivative assets:
Foreign currency contracts		-		5,548		-		5,548	Prepaid expenses and other current assets and other assets
Derivative liabilities:
Foreign currency contracts	$	-	$	295	$	-	$	295	Accrued expense and other current liabilities

Non-Recurring Fair Value Measurements

The majority of our non-financial instrument assets, which include inventories, property and equipment and intangible assets, are not required to be carried at fair value on a recurring basis. However, if certain triggering events occur such that a non-financial instrument is required to be evaluated for impairment and the carrying value is not recoverable, the carrying value would be adjusted to the lower of its cost or fair value and an impairment charge would be recorded.