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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets

 

 

 

December 31, 2015

Derivatives not designated as

 

hedging instruments under

 

FASB ASC 815-20

 

Notional

 

Amount

 

Fair

 

Value

 

Balance Sheet Location

Assets:

 

 

 

 

 

 

Foreign currency exchange contracts:

 

 

 

 

 

 

Receive USD/pay GBP

 

$

18,146

 

$

168

 

Accounts receivable, net

Receive USD/pay ZAR

 

17,411

 

144

 

Accounts receivable, net

Receive USD/pay RUB

 

2,173

 

9

 

Accounts receivable, net

Receive USD/pay BRL

 

2,478

 

49

 

Accounts receivable, net

Receive USD/pay COP

 

1,351

 

1

 

Accounts receivable, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Foreign currency exchange contracts:

 

 

 

 

 

 

Receive EUR/pay USD

 

$

39,578

 

$

(429)

 

Accrued liabilities

Receive USD/pay AUD

 

14,040

 

(82)

 

Accrued liabilities

Receive USD/pay CAD

 

2,804

 

(15)

 

Accrued liabilities

Receive USD/pay JPY

 

2,495

 

(2)

 

Accrued liabilities

Receive USD/pay MXN

 

8,122

 

(15)

 

Accrued liabilities

Receive SGD/pay USD

 

3,837

 

(30)

 

Accrued liabilities

Receive USD/pay NZD

 

1,978

 

(3)

 

Accrued liabilities

Receive USD/pay CLP

 

3,519

 

(12)

 

Accrued liabilities

 

 

 

December 31, 2014

 

Derivatives not designated as

 

hedging instruments under

 

FASB ASC 815-20

 

Notional

 

Amount

 

Fair

 

Value

 

Balance Sheet Location

 

Assets:

 

 

 

 

 

 

 

Foreign currency exchange contracts:

 

 

 

 

 

 

 

Receive CAD/pay USD

 

$

19,940

 

$

83

 

Accounts receivable, net

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

Foreign currency exchange contracts:

 

 

 

 

 

 

 

Receive EUR/pay USD

 

$

13,265

 

$

(75)

 

Accrued liabilities

 

Receive USD/pay AUD

 

8,343

 

(48)

 

Accrued liabilities

 

Receive USD/pay JPY

 

10,620

 

(84)

 

Accrued liabilities

 

Receive USD/pay ZAR

 

14,760

 

(105)

 

Accrued liabilities

 

Receive USD/pay MXN

 

4,961

 

(11)

 

Accrued liabilities

 

Receive USD/pay CLP

 

2,685

 

(10)

 

Accrued liabilities

 

Receive USD/pay COP

 

2,845

 

(2)

 

Accrued liabilities

 

 

Schedule of net losses on derivative instruments in the condensed consolidated statements of income

 

 

 

 

Amount of gain

 

recognized in income on

 

derivatives

 

 

 

 

 

Year ended

 

Derivatives not designated as

 

hedging instruments under

 

FASB ASC 815-20

 

Location of gain

 

recognized in income on

 

derivatives

 

December 31,

 

2015

 

December 31,

 

2014

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

Other expense, net

 

$

2,503

 

$

1,424