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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Financial Instruments [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

($ thousands)

 

2013

 

2012

Foreign currency exchange forward contracts by currency:

 

 

 

 

 

 

Japanese Yen

 

$

73,584 

 

$

112,500 

Euro

 

 

48,063 

 

 

5,159 

Pound Sterling

 

 

24,653 

 

 

8,742 

Singapore Dollar

 

 

23,256 

 

 

 -

Mexican Peso

 

 

18,700 

 

 

11,400 

Russian Ruble

 

 

11,892 

 

 

 -

Australian Dollar

 

 

5,682 

 

 

4,178 

New Taiwan Dollar

 

 

4,353 

 

 

 -

South African Rand

 

 

3,250 

 

 

 -

South Korean Won

 

 

2,083 

 

 

 -

Swedish Krona

 

 

1,959 

 

 

 -

Canadian Dollar

 

 

1,698 

 

 

 -

Indian Rupee

 

 

1,600 

 

 

 -

Hong Kong Dollar

 

 

1,451 

 

 

 -

New Zealand Dollar

 

 

1,200 

 

 

1,137 

Norwegian Krone

 

 

551 

 

 

 -

Total notional value, net

 

$

223,975 

 

$

143,116 

 

 

 

 

 

 

 

Latest maturity date

 

December 2015

 

December 2015

 

Schedule of Derivative Instrument Gain (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

($ thousands)

 

2013

 

2012

 

2013

 

2012

 

Location of (Gain) Loss Recognized in Income on Derivatives

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency exchange forwards

 

$

2,588 

 

$

2,793 

 

$

(8,064)

 

$

4,977 

 

Foreign currency transaction (gains) losses, net