Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The aggregate notional amount of outstanding derivative contracts were as follows (in thousands):

	December 31, 2011		December 31, 2010
Cash flow hedges	$	193,000	$	133,000
Balance sheet hedges	131,391		106,882
Total outstanding derivative contracts	$	324,391	$	239,882

Schedule of Gain (Loss) Attributable to Foreign Exchange Rate Fluctuations

Changes in fair value of derivatives entered into to mitigate the foreign exchange risks related to these balance sheet items are recorded in other income (expense) together with the transaction gain or loss from the respective balance sheet position as follows (in thousands):

	Year Ended December 31,
	2011			2010			2009
Foreign currency loss, inclusive of the impact of derivatives	$	(2,222	)	$	(1,185	)	$	(3,553	)

Schedule of Derivative Instruments in Statement of Financial Position

The fair value carrying amount of our derivative instruments was included in our balance sheet as follows (in thousands):

	Fair Value of Derivatives at				Fair Value of Derivatives at
	December 31, 2011				December 31, 2010
	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in asset position	$	—	$	—	$	3,763	$	—
Foreign exchange contracts in liability position	—		7,252		—		2,010
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts in asset position	$	1,668	$	—	$	333	$	—
Foreign exchange contracts in liability position	—		8,383		—		1,992

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effect of derivative instruments was as follows (in thousands):

	Year Ended December 31,
Foreign Exchange Contracts in Cash Flow Hedging Relationships	2011			2010			2009
Amount of gain/(loss):
Recognized in OCI (effective portion)	$	108		$	(1,278	)	$	(765	)
Reclassified from accumulated OCI into cost of sales (effective portion)	3,558			(1,939		)	426
Recognized in other, net (ineffective portion and amount excluded from effectiveness testing)	83			(117		)	(1,270		)
Foreign Exchange Contracts Not in Cash Flow Hedging Relationships
Amount of gain/(loss):
Recognized in other, net	$	(6,181	)	$	(2,482	)	$	(1,667	)