Derivative Instruments And Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments And Hedging Activities [Abstract]

Summary Of Notional Amounts Of Derivative Instruments

(In thousands)		US Dollar Equivalent
		As of September 30, 2015		As of December 31,
		(Unaudited)		2014
Euro	$	40,929	$	97,198
Japanese yen		1,799		7,798
Hungarian forint		45,516		61,067
British pound		5,770		22,809
Malaysian ringgit		44,467		10,241
Chinese yuan		22,787		-
Total forward contracts notional amount	$	161,268	$	199,113

Fair Values Of Derivative Instruments On Consolidated Balance Sheets

	Asset Derivatives
	September 30, 2015			December 31, 2014
(In thousands)	(Unaudited)
	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts - ST forwards	Prepaid expenses and other current assets	$	7,181	Prepaid expenses and other current assets	$	14,492
Foreign exchange contracts - LT forwards	Other long-term assets		-	Other long-term assets		-
Total derivatives designated as hedging instruments		$	7,181		$	14,492
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Prepaid expenses and other current assets	$	954	Prepaid expenses and other current assets	$	1,659
Total derivatives not designated as hedging instruments		$	954		$	1,659
Total derivatives		$	8,135		$	16,151

	Liability Derivatives
	September 30, 2015			December 31, 2014
(In thousands)	(Unaudited)
	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts - ST forwards	Accrued expenses and other liabilities	$	(5,150)	Accrued expenses and other liabilities	$	(1,937)
Foreign exchange contracts - LT forwards	Other long-term liabilities		(5,322)	Other long-term liabilities		(1,536)
Total derivatives designated as hedging instruments		$	(10,472)		$	(3,473)
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Accrued expenses and other liabilities	$	(476)	Accrued expenses and other liabilities	$	(780)
Total derivatives not designated as hedging instruments		$	(476)		$	(780)
Total derivatives		$	(10,948)		$	(4,253)

Effect Of Derivative Instruments On Consolidated Statements Of Income

The following tables present the effect of derivative instruments on our Consolidated Statements of Income for three month periods ended September 30, 2015 and 2014, respectively:

September 30, 2015
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	(4,706)	Net sales	$	5,405	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(649)	Cost of sales		(698)	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(2,287)	Operating expenses		(573)	Net foreign exchange gain/(loss)		-
Total	$	(7,642)		$	4,134		$	-

September 30, 2014
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	11,637	Net sales	$	999	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(1,009)	Cost of sales		32	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(605)	Operating expenses		24	Net foreign exchange gain/(loss)		-
Total	$	10,023		$	1,055		$	-

(In thousands)
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income
			September 30, 2015		September 30, 2014
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	2,967	$	2,223
Total		$	2,967	$	2,223

The following tables present the effect of derivative instruments on our Consolidated Statements of Income for the nine month periods ended September 30, 2015 and 2014, respectively:

September 30, 2015
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	(7,599)	Net sales	$	$ 15,687	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(2,608)	Cost of sales		(1,540)	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(4,171)	Operating expenses		(1,315)	Net foreign exchange gain/(loss)		-
Total	$	(14,378)		$	12,832		$	-

September 30, 2014
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	10,660	Net sales	$	1,114	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(1,748)	Cost of sales		214	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(849)	Operating expenses		128	Net foreign exchange gain/(loss)		-
Total	$	8,063		$	1,456		$	-

(In thousands)
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income
			September 30, 2015		September 30, 2014
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	3,606	$	1,413
Total		$	3,606	$	1,413