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Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Presentation of Derivative Amounts
 
 
At December 31,
 
 
2016
 
2015
($ thousands)
 
Assets
 
Liabilities
 
Assets
 
Liabilities
 
 
 
 
 
 
 
 
 
Fair Value Hedges: Interest Rate Swaps
 
 

 
 

 
 

 
 

Non-current financial liabilities
 

 
13,709

 

 
8,958

Long-term debt
 

 
(9,123
)
 

 
(9,195
)
Gross Derivatives
 

 
4,586

 

 
(237
)
 
 
 
 
 
 
 
 
 
Non-Designated Hedges: Foreign Currency Contracts, net
 
 

 
 

 
 

 
 

Current financial assets
 
4,965

 

 
4,829

 

Current financial liabilities
 

 
126

 

 
750

 
 
 
 
 
 
 
 
 
Cash Flow Hedges: Foreign Currency Contracts, net
 
 

 
 

 
 

 
 

Current financial assets
 
3,374

 

 
173

 

 
 
 
 
 
 
 
 
 
Counterparty Netting: Swap Interest
 
 

 
 

 
 

 
 

Current financial assets:
 
 

 
 

 
 

 
 

Interest due from counterparty
 
1,079

 

 
1,963

 

Net Derivatives
 
9,418

 
4,712

 
6,965

 
513

 
For the year ended December 31,
($ thousands)
2016
 
2015
 
2014
 
 
 
 
 
 
Fair Value Hedges: Interest Rate Swaps
 
 
 
 
 
Effectiveness - Contra interest expense

 

 
4,885

Ineffectiveness - Contra interest expense

 

 
421

Effectiveness - Other income
(540
)
 
1,646

 

Ineffectiveness - Other income
(1,280
)
 
232

 

 
 
 
 
 
 
Non-Designated Hedges: Foreign Currency Contracts, net
 
 
 
 
 
Realized gains (losses) - Foreign exchange gain (loss), net
16,873

 
(16,651
)
 
(33,430
)
 
 
 
 
 
 
Cash Flow Hedges: Foreign Currency Contracts, net
 

 
 

 
 

Realized gains - Service revenue
5,218

 
244

 
640