XML 48 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivatives (Tables)
3 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):
 
March 31, 2014
 
December 31, 2013
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
USD / AUD
$
1,650

 
$
(54
)
 
$

 
$

USD / CNY
10,600

 
(207
)
 
11,730

 
(66
)
USD / CHF
339

 
(8
)
 
486

 
4

USD / EUR
39,317

 
(767
)
 
51,106

 
(168
)
USD / GBP
2,132

 
(85
)
 
2,686

 
(45
)
USD / NZD
1,204

 
(47
)
 

 

USD / SEK
1,734

 
(5
)
 
2,485

 
58

USD / MXP
8,683

 
174

 
5,960

 
102

EUR / AUD
500

 
(16
)
 

 

EUR / CAD
1,326

 
71

 
1,710

 
(1
)
EUR / CHF
2,322

 
32

 
2,654

 
1

EUR / DKK
1,096

 
(3
)
 
1,382

 
(5
)
EUR / GBP
23,440

 
(601
)
 
29,614

 
(501
)
EUR / SEK
2,790

 
11

 
3,432

 
75

EUR / NOK
2,480

 
31

 
3,135

 
66

EUR / NZD
5,679

 
224

 
6,959

 
(111
)
AUD / CAD
1,323

 
(18
)
 

 

AUD / NZD
883

 
(6
)
 

 

GBP / CHF
661

 
(16
)
 
837

 
(26
)
GBP / SEK
1,644

 
(78
)
 
2,078

 
(101
)
DKK / SEK
3,981

 
(29
)
 
5,337

 
(94
)
NOK / SEK
2,575

 
24

 
3,418

 
31

 
$
116,359

 
$
(1,373
)
 
$
135,009

 
$
(781
)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment entered into in 2014 and 2013, respectively, and outstanding were as follows (in thousands USD):
 
March 31, 2014
 
March 31, 2013
 
Notional
Amount
 
Gain
(Loss)
 
Notional
Amount
 
Gain
(Loss)
AUD / USD
$
2,100

 
$
(52
)
 
$

 
$

CAD / USD
5,612

 
(184
)
 
24,120

 
$
(544
)
CNY / USD
1,482

 
(40
)
 

 

EUR / USD
15,138

 
18

 

 

CHF / USD
678

 
1

 

 

DKK / USD
6,636

 
13

 
22,970

 
(598
)
NZD / USD
5,000

 
(86
)
 

 

EUR / AUD

 

 
1,500

 
(35
)
EUR / DKK
5,548

 
(9
)
 

 

AUD / EUR
2,106

 
(6
)
 

 

AUD / GBP

 

 
2,966

 
6

 
$
44,300

 
$
(345
)
 
$
51,556

 
$
(1,171
)
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
The fair values of the Company’s derivative instruments were as follows (in thousands):
 
March 31, 2014
 
December 31, 2013
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
$
568

 
$
1,941

 
$
414

 
$
1,195

Interest rate swap contracts

 
4

 

 
12

Derivatives not designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
31

 
376

 
375

 
5

Total derivatives
$
599

 
$
2,321

 
$
789

 
$
1,212

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
The effect of derivative instruments on the Statement of Comprehensive Income (Loss) and Other Comprehensive Income (OCI) was as follows (in thousands):
Derivatives in ASC 815 cash flow hedge
relationships
Amount of Gain
(Loss) Recognized in OCI on Derivatives
(Effective Portion)
 
Amount of Gain  (Loss)
Reclassified from
Accumulated  OCI into
Income (Effective
Portion)
 
Amount of Gain (Loss)
Recognized in Income on
Derivatives  (Ineffective Portion
and Amount Excluded from
Effectiveness Testing)
Three months ended March 31, 2014
 
 
 
 
 
Foreign currency forward exchange contracts
$
(382
)
 
$
(126
)
 
$

Interest rate swap contracts
8

 

 

 
$
(374
)
 
$
(126
)
 
$

Three months ended March 31, 2013
 
 
 
 
 
Foreign currency forward exchange contracts
$
1,601

 
$
(220
)
 
$
57

Interest rate swap contracts
263

 
(67
)
 

 
$
1,864

 
$
(287
)
 
$
57

 
 
 
 
 
 
Derivatives not designated as hedging
instruments under ASC 815
 
 
 
 
Amount of Gain (Loss)
Recognized in Income on Derivatives
Three months ended March 31, 2014
 
 
 
 
 
Foreign currency forward exchange contracts
 
 
 
 
$
(345
)
Three months ended March 31, 2013
 
 
 
 
 
Foreign currency forward exchange contracts
 
 
 
 
$
(1,171
)