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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Valuation of Foreign Currency Exchange Contracts by Pricing Levels
The following table summarizes the valuation of the Company’s foreign currency exchange contracts (see Note 18) that are measured at fair value on a recurring basis by the above pricing levels at December 31, 2013 and 2012 (in thousands):
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
2013
 
 
 
 
 
 
 
Foreign currency derivative instruments—asset position
$
557

 
$
—

 
$
557

 
$
—

Foreign currency derivative instruments—liability position
(823
)
 
—

 
(823
)
 
—

 
$
(266
)
 
$
—

 
$
(266
)
 
$
—

2012
 
 
 
 
 
 
 
Foreign currency derivative instruments—asset position
$
5,011

 
$
—

 
$
5,011

 
$
—

Foreign currency derivative instruments—liability position
(1,046
)
 
—

 
(1,046
)
 
—

 
$
3,965

 
$
—

 
$
3,965

 
$
—
Fair Value Relating to Financial Assets and Liabilities
The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized on the accompanying consolidated balance sheets as of December 31, 2013 and 2012, as well as the fair value of contingent contracts that represent financial instruments (in thousands):
 
December 31, 2013
 
December 31, 2012
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Convertible notes(1)
$
107,835

 
$
138,668

 
$
107,133

 
$
118,406

ABL Facility(2)
$
25,660

 
$
25,660

 
$
—

 
$
—

Standby letters of credit(3)
$
1,297

 
$
1,297

 
$
3,265

 
$
3,265

 
(1) The carrying value of the convertible notes at December 31, 2013 and 2012 is net of the unamortized discount of $4,665,000 and $5,367,000, respectively (see Note 4). The fair value of the convertible notes was determined based on secondary quoted market prices, and as such is classified as Level 2 in the fair value hierarchy.
(2) Amounts outstanding under the Company's ABL Facility are classified as Level 1 as they approximate the carrying value due to the short term nature of this obligation.
(3) Amounts outstanding under standby letters of credit represent the Company’s contingent obligation to perform in accordance with the underlying contracts to which they pertain. The fair value of standby letters is classified as Level 1 as it approximates the carrying value due to the short term nature of these obligations.