XML 59 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivatives and Hedging (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets
The following table summarizes the fair value of derivative instruments by contract type as well as the location of the asset and/or liability on the consolidated balance sheets at December 31, 2013 and 2012 (in thousands):
 
Asset Derivatives
 
December 31, 2013
 
December 31, 2012
Derivatives not designated as hedging instruments
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency exchange contracts
Other current assets
 
$
557

 
Other current assets
 
$
5,011

 
Liability Derivatives
 
December 31, 2013
 
December 31, 2012
Derivatives not designated as hedging instruments
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency exchange contracts
Accounts payable and
accrued expenses
 
$
823

 
Accounts payable and
accrued expenses
 
$
1,046

Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type
The following table summarizes the location of gains and losses on the consolidated statements of operations that were recognized during the years ended December 31, 2013, 2012 and 2011, respectively, in addition to the derivative contract type (in thousands):
 
 
 
Amount of Gain / (Loss) Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments
Location of gain (loss) recognized in income on derivative instruments
 
Years Ended December 31,
 
2013
 
2012
 
2011
Foreign currency exchange contracts
Other income (expense), net
 
$
6,764

 
$
6,591

 
$
(8,861
)