Foreign Currency Exchange Rate Risk

3 Months Ended

Mar. 31, 2013

Foreign Currency [Abstract]

Foreign Currency Exchange Rate Risk

Foreign Currency Exchange Rate Risk

The gains and losses related to outstanding derivative instruments recorded in other income are offset, in general, by the reciprocal gains and losses from the underlying assets or liabilities which originally gave rise to the exposure. The net amount of these realized and unrealized gains and losses for the three months ended March 31,2013 and 2012 were gains of $1.5 million and $1.2 million, respectively.

The net notional amounts are used to measure the volume of foreign currency forward contracts and do not represent exposure to foreign currency gains or losses. The table below presents the net notional amounts of the Company’s outstanding foreign currency forward contracts by currency (in thousands):

	March 31, 2013		December 31, 2012
Swedish kronor	$	103,462	$	98,385
British pound sterling	5,478		15,619
Australian dollar	6,094		7,022
Japanese yen	6,296		5,157
Euro	5,393		2,232
Other	170		622
	$	126,893	$	129,037

At March 31, 2013, the Company’s foreign currency forward contracts, in general, had maturities of 3 months or less.

The fair value carrying amount of our derivative instruments included in the Consolidated Balance Sheets are as follows (in thousands):

	March 31, 2013				December 31, 2012
	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Foreign exchange contracts	$	4,002	$	—	$	2,106	$	229