XML 69 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivatives and Hedging (Tables)
3 Months Ended
Mar. 31, 2014
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 condensed balance sheets at March 31, 2014 and December 31, 2013 (in thousands):
Derivatives not designated as hedging instruments
Asset Derivatives
March 31, 2014
 
December 31, 2013
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency exchange contracts
Other current assets
 
$
516

 
Other current assets
 
$
557

Derivatives not designated as hedging instruments
Liability Derivatives
March 31, 2014
 
December 31, 2013
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency exchange contracts
Accounts payable and
accrued expenses
 
$
2,130

 
Accounts payable and
accrued expenses
 
$
823

Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type
The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three months ended March 31, 2014 and 2013, respectively, in addition to the derivative contract type (in thousands):
  
Location of net gain (loss) recognized in income on 
derivative instruments
 
Amount of Net Gain (Loss) Recognized in
Income on Derivative Instruments
Derivatives not designated as hedging instruments
Three Months Ended 
 March 31,
2014
 
2013
Foreign currency exchange contracts
Other (expense) income , net
 
$
(2,932
)
 
$
7,848