Financial Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Fair Values of Derivative Instruments

Fair Value Measurements The following table summarizes the fair values of derivative instruments for the period indicated and the line items in the accompanying condensed consolidated balance sheets where the instruments are recorded:

In thousands	June 30   2017		December 31    2016		June 30   2017		December 31    2016
	Prepaid Expenses and Other				Other
Balance sheet caption	Current Assets				Current Liabilities
Designated as hedging:
Forward foreign currency
exchange contracts	$	633	$	2,625	$	4,166	$	1,493
Not designated as hedging:
Forward foreign currency
exchange contracts	$	259	$	60	$	88	$	104

Income or (Loss) from Derivative Instruments Recognized in Results of Operations

The following table summarizes the amount of income or (loss) from derivative instruments recognized in our results of operations for the periods indicated and the line items in the accompanying condensed consolidated statements of income where the results are recorded:

Fair Value Amounts Recorded as Component of Accumulated Other Comprehensive Income (Loss)

A rollforward of fair value amounts recorded as a component of accumulated other comprehensive income (loss) is as follows:

In thousands	2017			2016
Balance at January 1,	$	1,882		$	(178	)
Deferred (losses) gains
on cash flow hedges		(4,801	)		1,294
Reclassified to earnings		(1,716	)		(83	)
Balance at June 30,	$	(4,635	)	$	1,033

Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

We had the following outstanding derivatives that were used to hedge foreign exchange risks associated with forecasted transactions and designated as hedging instruments:

In thousands	June 30   2017		December 31   2016
Derivative
Sell/Buy - sell notional
Philippine Peso / British Pound		22,856		—
Philippine Peso / Euro		11,072		—
Euro / British Pound		11,921		10,373
U.S. Dollar / Euro		2,190		—
Sell/Buy - buy notional
Euro / Philippine Peso		879,929		699,279
British Pound / Philippine Peso		652,206		557,025
U.S. Dollar / Euro		9,025		15,379
Euro / U.S. Dollar		56,538		43,951
U.S. Dollar / Canadian Dollar		33,841		35,290
British Pound / Euro		403		—

Not Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

The following sets forth derivatives used to mitigate the impact changes in currency exchange rates have on balance sheet monetary assets and liabilities:

In thousands	June 30   2017		December 31   2016
Derivative
Sell/Buy -  sell notional
U.S. Dollar / British Pound		13,500		10,500
British Pound / Euro		2,500		2,500
Sell/Buy - buy notional
Euro / U.S. Dollar		7,500		3,500
British Pound / Euro		12,000		18,500