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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2015
Financial Instruments [Abstract]  
Financial Instruments Assets (Liabilities) Measured At Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

Carrying

 

Fair Value

 

 

Amount

 

Total

 

Level 1

 

Level 2

 

Level 3

 

 

(Dollars in thousands)

Cash and cash equivalents

 

$

211,413 

 

$

211,413 

 

$

211,413 

 

$

 —

 

$

 —

Loans payable

 

 

(3,442)

 

 

(3,442)

 

 

 —

 

 

(3,442)

 

 

 —

Term loan facility

 

 

(297,750)

 

 

(308,929)

 

 

 —

 

 

(308,929)

 

 

 —

Revolving credit line

 

 

(105,000)

 

 

(105,211)

 

 

 —

 

 

(105,211)

 

 

 —

Other long-term notes payable

 

 

(3,089)

 

 

(2,522)

 

 

 —

 

 

(2,522)

 

 

 —

Foreign currency forward contracts, net

 

 

439 

 

 

439 

 

 

 —

 

 

439 

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Carrying

 

Fair Value

 

 

Amount

 

Total

 

Level 1

 

Level 2

 

Level 3

 

 

(Dollars in thousands)

Cash and cash equivalents

 

$

140,500 

 

$

140,500 

 

$

140,500 

 

$

 —

 

$

 —

Loans payable

 

 

(4,284)

 

 

(4,284)

 

 

 —

 

 

(4,284)

 

 

 —

Term loan facility

 

 

(299,250)

 

 

(310,453)

 

 

 —

 

 

(310,453)

 

 

 —

Other long-term notes payable

 

 

(3,504)

 

 

(2,861)

 

 

 —

 

 

(2,861)

 

 

 —

Foreign currency forward contracts, net

 

 

713 

 

 

713 

 

 

 —

 

 

713 

 

 

 —

 

Effect On Derivative Instruments On Consolidated Statements Of Operations

The following table presents the effect on our condensed consolidated statements of operations for the three and six months ended June 30, 2015 and 2014, respectively, of our foreign currency forward contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of (Loss)

 

 

 

 

Recognized in Earnings

 

 

 

 

Three Months Ended

 

 

 

 

June 30,

 

 

 

 

2015

 

2014

 

Location of Loss in Earnings

 

 

(Dollars in thousands)

 

 

Foreign currency forward contracts

 

$

(317)

 

$

(94)

 

Foreign currency losses, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of Gain

 

 

 

 

Recognized in Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

Location of Gain in Earnings

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Foreign currency forward contracts

 

$

1,328 

 

$

2,307 

 

Foreign currency losses, net

 

 

Fair Value Of Derivative Instruments On Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

 

2015

 

2014

 

Balance Sheet Location

 

 

(Dollars in thousands)

 

 

Asset derivatives:

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

1,107 

 

$

1,599 

 

Other current assets

Liability derivatives:

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

(668)

 

$

(886)

 

Accrued expenses and other current liabilities