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DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Fair Value In Balance Sheet For Derivatives Designated As Hedging Instruments
The following table summarizes the fair value, notional amounts presented in U.S. dollars, and presentation in the consolidated balance sheet for derivatives designated as hedging instruments as of September 30, 2012 and December 31, 2011:
 
 
Fair Value as of
 
Notional Amount as of
Location on Balance Sheet (1):
September 30,
2012
 
December 31,
2011
 
September 30,
2012
 
December 31,
2011
 
(In thousands)
Derivatives designated as hedges — Liabilities:
 
 
 
 
 
 
 
Interest rate swap — Accrued expenses and other current liabilities (2)
$
1,954

 
$
1,634

 
 
 
 
Foreign currency forward contracts — Accrued expenses and other current liabilities
—

 
108

 
$
—

 
$
1,597

Interest rate swap — Other liabilities (2)
2,688

 
2,458

 
 
 
 
Total Derivatives designated as hedges — Liabilities
$
4,642

 
$
4,200

 
 
 
 
 
(1) 
The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 months.
(2) 
At September 30, 2012 and December 31, 2011, the notional amount related to the Company’s sole interest rate swap was $131.3 million and $139.7 million, respectively. In the next twelve months, the Company expects to reduce the notional amount by $14.1 million.
Effect Of Derivative Instruments Designated As Cash Flow Hedges On Statements Of Operations
The following presents the effect of derivative instruments designated as cash flow hedges on the accompanying consolidated statements of operations during the three and nine months ended September 30, 2012 and 2011:
 
 
Balance in AOCI
Beginning of
Quarter
 
Amount of
Gain (Loss)
Recognized in
AOCI-
Effective Portion
 
Amount of Gain (Loss)
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
(176
)
 
(9
)
 
(6
)
 
(179
)
 
Costs of goods sold
Interest rate swap
(4,374
)
 
(744
)
 
(476
)
 
(4,642
)
 
Interest (expense)
 
(4,550
)
 
(753
)
 
(482
)
 
(4,821
)
 
 
Three Months Ended September 30, 2011
 
 
 
 
 
 
 
 
 
Interest rate swap
(1,908
)
 
(3,116
)
 
(592
)
 
(4,432
)
 
Interest (expense)
 
Balance in AOCI
Beginning of
Year
 
Amount of
Gain (Loss)
Recognized in
AOCI-
Effective Portion
 
Amount of Gain (Loss)
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
(216
)
 
(140
)
 
(177
)
 
(179
)
 
Cost of goods sold
Interest rate swap
(4,092
)
 
(1,952
)
 
(1,402
)
 
(4,642
)
 
Interest (expense)
 
(4,308
)
 
(2,092
)
 
(1,579
)
 
(4,821
)
 
 
Nine Months Ended September 30, 2011
 
 
 
 
 
 
 
 
 
Interest rate swap
(270
)
 
(5,897
)
 
(1,735
)
 
(4,432
)
 
Interest (expense)