Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Assets and liabilities measured at fair value on a recurring basis

The following tables present our assets and liabilities measured at fair value on a recurring basis at March 31, 2015 and December 31, 2014:

(In $000s) March 31, 2015	Level 2		Level 3		Gross Fair Value		Netting⁽¹⁾			Net Fair Value
Assets:
Foreign currency exchange contracts	$	365	$	—	$	365	$	(205	)	$	160
Cash Convertible Notes Hedges		—		47,601		47,601		—			47,601
Liabilities:
Foreign currency exchange contracts	$	376	$	—	$	376	$	(205	)	$	171
Interest rate swap agreements		524		—		524		—			524
Cash Conversion Derivative		—		47,601		47,601		—			47,601

(In $000s) December 31, 2014	Level 2		Level 3		Gross Fair Value		Netting⁽¹⁾			Net Fair Value
Assets:
Foreign currency exchange contracts	$	477	$	—	$	477	$	(111	)	$	366
Cash Convertible Notes Hedges		—		48,025		48,025		—			48,025
Liabilities:
Foreign currency exchange contracts	$	111	$	—	$	111	$	(111	)	$	—
Interest rate swap agreements		395		—		395		—			395
Cash Conversion Derivative		—		48,025		48,025		—			48,025

⁽¹⁾ This column reflects the impact of netting derivative assets and liabilities by counterparty when a legally enforceable master netting agreement exists.

Level 3 Financial Instruments

The following table presents our financial instruments measured at fair value on a recurring basis using unobservable inputs (Level 3):

(In $000s)	Balance at December 31, 2014			Purchases of Level 3 Instruments		Issuances of Level 3 Instruments		Gains/(Losses) Included in Earnings			Balance at March 31, 2015
Cash Convertible Notes Hedges	$	48,025		$	—	$	—	$	(424	)	$	47,601
Cash Conversion Derivative		(48,025	)		—		—		424			(47,601	)