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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments on Condensed Consolidated Balance Sheets

The following table summarizes the classification and fair values of derivative instruments on the Company’s condensed consolidated balance sheets included within other current assets at March 31, 2016 (none outstanding at December 31, 2015) (in thousands):

 

 

March 31, 2016

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

Classification

 

Fair Value

 

 

Classification

 

Fair Value

 

Derivatives  designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

Other current assets

 

$

53

 

 

Other accrued liabilities

 

$

 

Total derivatives

 

 

$

53

 

 

 

 

$

 

 

Summary of Effect of Foreign Currency Exchange Contracts on Condensed Consolidated Financial Statements

The following table summarizes the effect of our foreign currency exchange contracts on the Company’s condensed consolidated financial statements (in thousands):

 

 

Three Months Ended

 

 

March 31,

 

 

2016

 

 

2015

 

Derivatives  designated as hedges:

 

 

 

 

 

 

 

Gains recognized in accumulated OCI  (effective portion)

$

53

 

 

$

 

Gains (losses) reclassified from accumulated OCI into operating expenses (effective portion)

$

 

 

$

 

Gains (losses) recognized in other income (expense), net (ineffective portion and

   amounts excluded from effectiveness testing)

$

 

 

$

 

Derivatives not designated as hedges:

 

 

 

 

 

 

 

Gains recognized in other income (expense), net

$

 

 

$