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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Schedule of the Fair Values of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2011
 
December 31, 2010
 
December 31, 2011
 
December 31, 2010
Derivatives Designated as
Hedging Instruments
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Foreign currency forward contracts
Prepaid
expenses
and other
current
assets
 
$2,762
 
Prepaid
expenses
and other
current
assets
 
$13,192
 
Accrued
expenses
and other
current
liabilities
 
$8,252
 
Accrued
expenses
and other
current
liabilities
 
$6,745
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2011
 
December 31, 2010
 
December 31, 2011
 
December 31, 2010
Derivatives Not Designated as
Hedging Instruments
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Foreign currency forward contracts
Prepaid
expenses
and other
current
assets
 
$69
 
Prepaid
expenses
and other
current
assets
 
$—
 
Accrued
expenses
and other
current
liabilities
 
$202
 
Accrued
expenses
and other
current
liabilities
 
$—
Currency Forward Contracts Outstanding
As of December 31, 2011, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
 
Foreign Currency
Currency
Denomination
Australian dollars
AUD 2,386
British pounds sterling
GBP 20,828
Canadian dollars
CAD 2,168
Chinese renminbi
CNY 18,757
Euro
EUR 21,120
Hong Kong dollars
HKD 24,733
Indian rupees
INR 329,659
Japanese yen
JPY 978,252
Singapore dollars
SGD 3,155
Swiss francs
CHF 15,938
Designated as Hedging Instrument [Member] | Cash Flow Hedges [Member]
 
Schedule of Effect of Derivative Instruments on Financial Performance
The Effect of Derivative Instruments on Financial Performance
 
 
For the Year ended December 31,
 
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of (Loss) Gain Recognized in Other
Comprehensive Income
(Effective Portion)
 
Location of Gain (Loss) Reclassified
from Accumulated Other
Comprehensive (Loss) Income into
Income
(Effective Portion)
 
Amount of Gain (Loss) Reclassified from
Accumulated Other 
Comprehensive (Loss) Income
(Effective Portion)
 
2011
 
2010
 
 
 
2011
 
2010
Foreign currency forward contracts
$
(11,259
)
 
$
1,743

 
Operating expenses
 
$
8,475

 
$
(1,573
)
Not Designated as Hedging Instrument [Member]
 
Schedule of Effect of Derivative Instruments on Financial Performance
 
For the Year ended December 31,
 
(In thousands)
Derivatives Not Designated as Hedging Instruments
Location of
Gain (Loss) Recognized in Income on
Derivative
 
Amount of Gain (Loss) Recognized in Income on Derivative
 
 
 
2011
 
2010
Foreign currency forward contracts
Other (expense) income, net
 
$
567

 
$
(1,638
)