Hedge Contracts (Tables)

12 Months Ended

Dec. 31, 2014

Hedge Contracts (Tables)

Schedule of Notional Amounts of Outstanding Derivative Positions Table

Derivative Contracts	US Dollar Notional Amount		Traded Exchange Rate	Settlement Date
	(In Thousands)
Forward purchase pounds sterling	$	4,484	£1.56	1/16/2015
Forward purchase Brazilian real	$	1,958	2.66	1/16/2015
Forward purchase Canadian dollar	$	3,770	1.16	1/16/2015
Forward sale Mexican peso	$	8,427	14.74	1/16/2015
Forward purchase Canadian dollar	$	1,150	1.16	1/16/2015

Derivatives Designated as Hedging Instruments Table

Derivative Contracts	US Dollar Notional Amount		Traded Exchange Rate	Settlement Date
	(In Thousands)
Forward sale Mexican pesos	$	10,332	13.01	1/17/2014
Forward purchase Mexican pesos	$	5,928	13.01	1/17/2014
Forward purchase euros	$	7,984	€1.38	1/17/2014
Forward purchase pounds sterling	$	3,149	£1.63	1/17/2014

Under this program, we and CCLP may enter into similar derivative contracts from time to time. Although contracts pursuant to this program will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they will not be formally designated as hedge contracts or qualify for hedge accounting treatment. Accordingly, any change in the fair value of these derivative instruments during a period will be included in the determination of earnings for that period.

The fair value of foreign currency derivative instruments are based on quoted market values as reported to us by our counterparty (a Level 2 measurement) . The fair values of our foreign currency derivative instruments as of December 31, 2014 and 2013, are as follows:

Foreign currency derivative instruments	Balance Sheet Location	Fair Value at December 31, 2014			Fair Value at December 31, 2013
		(In Thousands)
Forward purchase contracts	Current assets	$	—		$	72
Forward sale contracts	Current assets	—			32
Forward sale contracts	Current liabilities	(91		)	—
Forward purchase contracts	Current liabilities	(83		)	(52		)
Total		$	(174	)	$	52