XML 83 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of the Fair Values of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2012
 
December 31, 2011
 
December 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
 
$4,157
 
Prepaid
expenses
and other
current
assets
 
$2,762
 
Accrued
expenses
and other
current
liabilities
 
$4,162
 
Accrued
expenses
and other
current
liabilities
 
$8,252
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2012
 
December 31, 2011
 
December 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
 
$448
 
Prepaid
expenses
and other
current
assets
 
$69
 
Accrued
expenses
and other
current
liabilities
 
$52
 
Accrued
expenses
and other
current
liabilities
 
$202
Currency Forward Contracts Outstanding
As of December 31, 2012, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian dollars
AUD 7,574
British pounds sterling
GBP 32,158
Canadian dollars
CAD 5,855
Chinese renminbi
CNY 61,066
Danish krone
DKK 4,800
Euro
EUR 24,250
Hong Kong dollars
HKD 51,999
Indian rupees
INR 909,790
Japanese yen
JPY 605,633
Singapore dollars
SGD 9,543
Swiss francs
CHF 16,976
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 Gain (Loss) Recognized in Other
Comprehensive Income (Loss)
(Effective Portion)
 
Location of (Loss) Gain Reclassified
from Accumulated Other
Comprehensive Loss into
Income
(Effective Portion)
 
Amount of (Loss) Gain Reclassified from
Accumulated Other 
Comprehensive Loss
(Effective Portion)
 
2012
 
2011
 
 
 
2012
 
2011
Foreign currency forward contracts
$
5,164

 
$
(11,259
)
 
Operating expenses
 
$
(5,817
)
 
$
8,475

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
(Loss) Gain Recognized in Income on
Derivative
 
Amount of (Loss) Gain Recognized in Income on Derivative
 
 
 
2012
 
2011
Foreign currency forward contracts
Other income (expense), net
 
$
(1,341
)
 
$
567