Derivative Financial Instruments

9 Months Ended

Sep. 30, 2011

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

(10) Derivative Financial Instruments

As part of our currency exchange rate risk management strategy, we enter into certain derivative foreign currency forward contracts that do not meet the GAAP criteria for hedge accounting, but which have the impact of partially offsetting certain foreign currency exposures. We account for these forward contracts on a full mark-to-market basis and report the related gains or losses in currency exchange gains or losses. At September 30, 2011, the notional amount of open forward contracts was not significant. The unrealized gain on these contracts was immaterial.

The following table presents the balance sheet location and fair value of assets associated with derivative financial instruments:

(In thousands)	September 30, 2011		December 31, 2010
Derivatives not designated as hedging instruments:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	2	$	4

The following table presents the income statement location and impact of derivative financial instruments:

		(Gain) Loss Recognized in Income
		Nine Months Ended September 30
(In thousands)	Income Statement Location	2011			2010
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Currency exchange losses (gains)	$	(264	)	$	857