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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2012
Schedule Of The Fair Values Of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
March 31, 2012
 
December 31, 2011
 
March 31, 2012
 
December 31, 2011
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
 
$3,262
 
Prepaid
expenses
and other
current
assets
 
$2,762
 
Accrued
expenses
and other
current
liabilities
 
$4,974
 
Accrued
expenses
and other
current
liabilities
 
$8,252
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
March 31, 2012
 
December 31, 2011
 
March 31, 2012
 
December 31, 2011
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
 
$125
 
Prepaid
expenses
and other
current
assets
 
$69
 
Accrued
expenses
and other
current
liabilities
 
$109
 
Accrued
expenses
and other
current
liabilities
 
$202
Schedule Of Effect Of Derivative Instruments On Financial Performance
The Effect of Derivative Instruments on Financial Performance
 
 
For the Three Months Ended March 31,
 
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of Gain Recognized in Other
Comprehensive Income
(Effective Portion)
 
Location of Loss Reclassified
from Accumulated Other
Comprehensive Loss into
Income
(Effective Portion)
 
Amount of Loss Reclassified from
Accumulated Other 
Comprehensive Loss
(Effective Portion)
 
2012
 
2011
 
 
 
2012
 
2011
Foreign currency forward contracts
$
3,561

 
$
2,837

 
Operating expenses
 
$
(1,527
)
 
$
(620
)
Schedule Of Net Notional Foreign Currency Forward Contracts Outstanding
As of March 31, 2012, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian dollars
AUD 1,844
British pounds sterling
GBP 26,329
Canadian dollars
CAD 5,566
Chinese renminbi
CNY 14,627
Euro
EUR 47,368
Hong Kong dollars
HKD 49,600
Indian rupees
INR 529,806
Japanese yen
JPY 53,879
Singapore dollars
SGD 8,156
Swiss francs
CHF 30,740
Cash Flow Hedges [Member]
 
Schedule Of Effect Of Derivative Instruments On Financial Performance
There was no material ineffectiveness in the Company’s foreign currency hedging program in the periods presented.
 
 
For the Three Months Ended March 31,
 
(In thousands)
Derivatives Not Designated as Hedging Instruments
Location of
(Loss) Gain Recognized in Income on
Derivative
 
Amount of (Loss) Gain Recognized in Income on Derivative
 
 
 
2012
 
2011
Foreign currency forward contracts
Other income, net
 
$
(176
)
 
$
866