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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Schedule Of The Fair Values Of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
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
 
$2,601
 
Prepaid
expenses
and other
current
assets
 
$4,157
 
Accrued
expenses
and other
current
liabilities
 
$5,697
 
Accrued
expenses
and other
current
liabilities
 
$4,162
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
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
 
$114
 
Prepaid
expenses
and other
current
assets
 
$448
 
Accrued
expenses
and other
current
liabilities
 
$135
 
Accrued
expenses
and other
current
liabilities
 
$52
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 (Loss) 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)
 
2013
 
2012
 
 
 
2013
 
2012
Foreign currency forward contracts
$
(2,925
)
 
$
3,561

 
Operating expenses
 
$
(524
)
 
$
(1,527
)
Schedule Of Net Notional Foreign Currency Forward Contracts Outstanding
As of March 31, 2013, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian Dollar
AUD 8,258
Pounds Sterling
GBP 35,800
Canadian Dollar
CAD 5,673
Chinese Yuan Renminbi
CNY 77,776
Danish Krone
DKK 1,900
Euro
EUR 34,293
Hong Kong Dollar
HKD 53,440
Indian Rupee
INR 1,089,210
Japanese Yen
JPY 440,658
New Zealand Dollar
NZD 900
Singapore Dollar
SGD 9,676
Swiss Franc
CHF 24,399
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 Recognized in Income on
Derivative
 
Amount of Loss Recognized in Income on Derivative
 
 
 
2013
 
2012
Foreign currency forward contracts
Other (expense) income, net
 
$
(456
)
 
$
(176
)