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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of The Fair Values Of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
June 30, 2012
 
December 31, 2011
 
June 30, 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
 
$1,532
 
Prepaid
expenses
and other
current
assets
 
$2,762
 
Accrued
expenses
and other
current
liabilities
 
$7,041
 
Accrued
expenses
and other
current
liabilities
 
$8,252
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
June 30, 2012
 
December 31, 2011
 
June 30, 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
 
$423
 
Prepaid
expenses
and other
current
assets
 
$69
 
Accrued
expenses
and other
current
liabilities
 
$665
 
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 June 30,
 
(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
$
(3,599
)
 
$
(1,580
)
 
Operating expenses
 
$
(779
)
 
$
(4,874
)
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30,
 
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of (Gain) Loss 
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
$
(38
)
 
$
1,257

 
Operating expenses
 
$
(2,306
)
 
$
(5,494
)
Schedule Of Net Notional Foreign Currency Forward Contracts Outstanding
As of June 30, 2012, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian dollars
AUD 16,513
British pounds sterling
GBP 32,481
Canadian dollars
CAD 5,238
Chinese renminbi
CNY 5,798
Euro
EUR 26,464
Hong Kong dollars
HKD 56,583
Indian rupees
INR 40,146
Japanese yen
JPY 278,299
Singapore dollars
SGD 9,316
Swiss francs
CHF 14,092
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 June 30,
 
(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
 
$
(1,163
)
 
$
548

 
 
 
 
 
 
 
For the Six Months Ended June 30,
 
(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
 
$
(1,339
)
 
$
1,414