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DERIVATIVES AND HEDGING ACTIVITIES: (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivative contracts
The fair value of derivatives in the unaudited condensed consolidated balance at June 30, 2016 and December 31, 2015 were as follows:
 
 
Other current assets
 
Other accrued liabilities
 
Other accrued liabilities
 
 
June 30, 2016
 
December 31, 2015
 
 
(in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
Currency forward contracts
$
630

 
$
524

 
$
1,157

Total derivatives
$
630

 
$
524

 
$
1,157
Schedule of notional amounts of outstanding derivative positions
The notional amounts of outstanding derivative contracts at June 30, 2016 and December 31, 2015 were as follows:
 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Derivatives designated as hedging instruments
 
 
Currency forward contracts
$
93,420

 
$
98,744

Derivatives not designated as hedging instruments
 
 
 
Currency forward contracts
$
26,019

 
$
—
Schedule of designated derivative contracts as cash flow hedges and their impact on OCI
The following table represents the balance of derivative contracts designated as cash flow hedges as of June 30, 2016 and December 31, 2015 and their impact on OCI for the six months ended June 30, 2016:
 
(in thousands)
December 31, 2015
$
(1,091
)
Amount of gain recognized in OCI (effective portion)
1,510

Amount of gain reclassified from OCI to income (effective portion)
(161
)
June 30, 2016
$
258
Effect of derivative contracts on the condensed consolidated statement of operations
The effect of derivative contracts on the unaudited condensed consolidated statements of operations for the three months ended June 30, 2016 and 2015 was:
 
 
Derivatives designated as hedging instruments
 
Derivatives not designated as hedging instruments
 
 
Three Months Ended June 30,
 
Three Months Ended June 30,
Location of gains (losses)
 
2016

2015

2016

2015
 
 
(in thousands)
Operating expenses
 
$
23

 
$
(737
)
 
$
—

 
$
—

Other (loss) income
 
$
—

 
$
—

 
$
(271
)
 
$
—


The effect of derivative contracts on the unaudited condensed consolidated statements of operations for the six months ended June 30, 2016 and 2015 was:
 
 
Derivatives designated as hedging instruments
 
Derivatives not designated as hedging instruments
 
 
Six Months Ended June 30,
 
Six Months Ended June 30,
Location of gains (losses)
 
2016
 
2015
 
2016
 
2015
 
 
(in thousands)
Operating expenses
 
$
161

 
$
(3,010
)
 
$
—

 
$
—

Other (loss) income
 
$
—

 
$
—

 
$
(543
)
 
$
—