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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Derivative Instruments Measured at Fair Value and Classification on Condensed Consolidated Balance Sheets

Derivative instruments measured at fair value and their classification on the condensed consolidated balance sheets are presented in the following tables (in thousands):

 

 

 

As of March 31, 2016

 

 

As of December 31, 2015

 

 

 

Notional

Amount

 

 

Fair Value

 

 

Notional

Amount

 

 

Fair Value

 

Foreign exchange forward contract derivatives in cash flow hedging

   relationships -  included in prepaid expenses and other current assets

   (accrued and other current liabilities)

 

$

38,988

 

 

$

817

 

 

$

47,231

 

 

$

(595

)

 

Gains (Losses) on Derivative Instruments and Classification on Condensed Consolidated Statement of Operations

Gains (losses) on derivative instruments and their classification on the condensed consolidated statement of operations are presented in the following table (in thousands):

 

 

 

For the three months ended March 31

 

 

 

2016

 

 

2015

 

Foreign Exchange Forward Contract Derivatives in cash flow

   hedging relationships:

 

 

 

 

 

 

 

 

Gains recognized in OCI (a)

 

$

1,316

 

 

$

 

Losses recognized in OCI (a)

 

$

(99

)

 

$

(450

)

Gains recognized from accumulated OCI into net loss (b)

 

$

 

 

$

 

Losses recognized from accumulated OCI into net loss (b)

 

$

(194

)

 

$

(320

)

 

(a)

Net change in the fair value of the effective portion classified in other comprehensive income (loss) (“OCI”).

(b)

Effective portion of cash flow hedges reclassified from accumulated other comprehensive income (loss) into net loss, of which $13 and $181 were recognized within cost of sales and operating expenses, respectively, for the three months ended March 31, 2016 and $32 and $288 were recognized within cost of sales and operating expenses, respectively, for the three months ended March 31, 2015. All amounts are reflected within the respective condensed consolidated statement of operations.