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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Of The Fair Values Of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
June 30, 2014
 
December 31, 2013
 
June 30, 2014
 
December 31, 2013
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
 
$3,197
 
Prepaid
expenses
and other
current
assets
 
$4,559
 
Accrued
expenses
and other
current
liabilities
 
$499
 
Accrued
expenses
and other
current
liabilities
 
$1,578
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
June 30, 2014
 
December 31, 2013
 
June 30, 2014
 
December 31, 2013
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
 
$210
 
Prepaid
expenses
and other
current
assets
 
$393
 
Accrued
expenses
and other
current
liabilities
 
$374
 
Accrued
expenses
and other
current
liabilities
 
$165
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
 
 
 
2014
 
2013
Foreign currency forward contracts
Other income (expense), net
 
$
(577
)
 
$
2,006

 
 
 
 
 
 
 
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
 
 
 
2014
 
2013
Foreign currency forward contracts
Other income (expense), net
 
$
(1,562
)
 
$
1,727

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 Loss Recognized in Other
Comprehensive (Loss)
Income (Effective Portion)
 
Location of Gain/(Loss) Reclassified
from Accumulated Other
Comprehensive Income into
Income
(Effective Portion)
 
Amount of Gain/(Loss) Reclassified from
Accumulated Other 
Comprehensive Income
(Effective Portion)
 
2014
 
2013
 
 
 
2014
 
2013
Foreign currency forward contracts
$
(359
)
 
$
(58
)
 
Operating expenses
 
$
1,651

 
$
(1,788
)
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30,
 
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of Loss Recognized in Other
Comprehensive (Loss)
Income (Effective Portion)
 
Location of Gain/(Loss) Reclassified
from Accumulated Other
Comprehensive Income into
Income
(Effective Portion)
 
Amount of Gain/(Loss) Reclassified from
Accumulated Other 
Comprehensive Income
(Effective Portion)
 
2014
 
2013
 
 
 
2014
 
2013
Foreign currency forward contracts
$
(336
)
 
$
(2,983
)
 
Operating expenses
 
$
2,948

 
$
(2,312
)
Schedule Of Net Notional Foreign Currency Forward Contracts Outstanding
As of June 30, 2014, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian Dollar
AUD 6,685
Pounds Sterling
GBP 24,939
Canadian Dollar
CAD 7,232
Chinese Yuan Renminbi
CNY 84,500
Danish Krone
DKK 9,600
Euro
EUR 27,364
Hong Kong Dollar
HKD 50,316
Indian Rupee
INR 665,622
Japanese Yen
JPY 47,663
New Zealand Dollar
NZD 200
Singapore Dollar
SGD 9,700
Swiss Franc
CHF 21,750