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DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2013
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 and presentation in the condensed consolidated balance sheets for derivatives designated as hedging instruments as of June 30, 2013 and December 31, 2012:
 
 
Fair Value as of
 
Notional Amount as of
Location on Balance Sheet (1):
June 30,
2013
 
December 31,
2012
 
June 30,
2013
 
December 31,
2012
 
(In thousands)
Derivatives designated as hedges — Assets:
 
 
 
 
 
 
 
Foreign currency forward contracts — Other current assets
$
(27
)
 
—

 
$
1,392

 
 
Derivatives designated as hedges — Liabilities:
 
 
 
 
 
 
 
Interest rate swap — Accrued expenses and other current liabilities (2)
1,748

 
1,888

 
 
 
 
Interest rate swap — Other liabilities (2)
1,282

 
2,238

 
 
 
 
Total Derivatives designated as hedges — Liabilities
$
3,030

 
$
4,126

 
 
 
 
 
(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 June 30, 2013 and December 31, 2012, the notional amount related to the Company’s sole interest rate swap was $120.0 million and $127.5 million, respectively. In the next twelve months, the Company expects to reduce the notional amount by $15.0 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 six months ended June 30, 2013 and 2012:
 
 
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 June 30, 2013
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
$
—

 
$
162

 
$
—

 
$
162

 
Costs of goods sold
Interest rate swap
(3,644
)
 
108

 
(506
)
 
(3,030
)
 
Interest (expense)
 
$
(3,644
)
 
$
270

 
$
(506
)
 
$
(2,868
)
 
 
Three Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
$
(9
)
 
$
(338
)
 
$
(171
)
 
$
(176
)
 
Costs of goods sold
Interest rate swap
(4,092
)
 
(759
)
 
(477
)
 
(4,374
)
 
Interest (expense)

$
(4,101
)
 
$
(1,097
)
 
$
(648
)
 
$
(4,550
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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)
Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
$
(34
)
 
$
162

 
$
(34
)
 
$
162

 
Cost of goods sold
Interest rate swap
(4,125
)
 
99

 
(996
)
 
(3,030
)
 
Interest (expense)
 
$
(4,159
)
 
$
261

 
$
(1,030
)
 
$
(2,868
)
 
 
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
$
(216
)
 
$
(131
)
 
$
(171
)
 
$
(176
)
 
Cost of goods sold
Interest rate swap
(4,092
)
 
(1,208
)
 
(926
)
 
(4,374
)
 
Interest (expense)

$
(4,308
)
 
$
(1,339
)
 
$
(1,097
)
 
$
(4,550
)