XML 54 R29.htm IDEA: XBRL DOCUMENT  v2.3.0.11
FOREIGN CURRENCY DERIVATIVES (Tables)
3 Months Ended
Jun. 30, 2011
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Foreign Exchange Currency Contracts and Approximate U.S. Dollar Equivalent [Table Text Block]
The following table summarizes the notional value of the Company’s outstanding foreign exchange currency contracts and approximate U.S. dollar equivalent (“USD Equivalent”) at June 30, 2011:
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
(in thousands)
 
(in thousands)
 
 
 
 
EUR
15,000


 
$
21,744


 
Sell EUR
 
1 month
GBP
4,700


 
$
7,548


 
Sell GBP
 
1 month
AUD
4,700


 
$
5,038


 
Sell AUD
 
1 month
Notional Value of Outstanding Currency Swaps and Approximate U.S. Dollar Equivalent [Table Text Block]
The following table summarizes the notional value of the Company’s outstanding MX$ currency swaps and approximate USD Equivalent at June 30, 2011:
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
(in thousands)
 
(in thousands)
 
 
 
 
MX$
268,850


 
$
21,858


 
Buy MX$
 
Monthly over 9 months
Fair Value of Derivative Contracts Under the Derivatives and Hedging Topic of the FASB ASC [Table Text Block]
Fair value of derivative contracts under the Derivatives and Hedging Topic of the FASB ASC were as follows:
 
 
Derivative Assets
Reported in Other Current Assets
 
Derivative Liabilities
Reported in Accrued Liabilities
 
 
June 30,
 
March 31,
 
June 30,
 
March 31,
(in thousands)
 
2011
 
2011
 
2011
 
2011
Foreign exchange contracts designated as cash flow hedges
 
$
777


 
$
360


 
$
3,316


 
$
4,201


Foreign exchange contracts not designated
 


 


 


 


Total derivatives
 
$
777


 
$
360


 
$
3,316


 
$
4,201


Balance of Designated Derivative Contracts and the Pre-Tax Impact on Accumulated Other Comprehensive Income [Table Text Block]
The following table represents only the balance of designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC as of June 30, 2011 and March 31, 2011, and the impact of designated derivative contracts before tax on Accumulated other comprehensive income for the three months ended June 30, 2011:
(in thousands)
 
March 31, 2011
 
Amount of gain (loss)
recognized in OCI
(effective portion)
 
Amount of gain (loss)
reclassified from OCI
to income (loss)
(effective portion)
 
June 30, 2011
Foreign exchange contracts designated as cash flow hedges
 
$
(3,841
)
 
$
(312
)
 
$
(1,614
)
 
$
(2,539
)
Effect of Designated Derivative Contracts on Results of Operations Recognized in Gross Profit in Statements of Operations [Table Text Block]
The effect of designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC on results of operations recognized in gross profit in the Condensed consolidated statements of operations was as follows:
 
 
Three Months Ended
 
 
June 30,
(in thousands)
 
2011
 
2010
Gain (loss) on foreign exchange contracts designated as cash flow hedges
 
$
(1,614
)
 
$
1,092


Effect of Non-Designated Derivative Contracts On Results of Operations Recognized in Interest and Other Income (Expense), Net in Statements of Operations [Table Text Block]
The effect of non-designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC on results of operations recognized in Interest and other income (expense), net in the Condensed consolidated statement of operations was as follows:
 
 
Three Months Ended
 
 
June 30,
(in thousands)
 
2011
 
2010
Gain (loss) on foreign exchange contracts
 
$
(797
)
 
$
2,046