XML 56 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 12 - Foreign Exchange Contracts
6 Months Ended
Jun. 30, 2014
Foreign Currency [Abstract]  
Foreign Currency Disclosure [Text Block]

12.  Foreign Exchange Contracts


     The Company’s primary exposure to foreign currency fluctuations pertains to its subsidiaries in Canada and China. In certain instances the Company may enter into foreign exchange forward contracts to manage a portion of this risk. The Company has not designated its foreign exchange forward contracts as hedges.


     The following table presents the gross fair value of derivative instruments, all of which are not designated as hedging instruments:


       

Asset Derivatives

 

(in thousands)

 

Classification

 

June 30,
201
4

   

December 31,
2013

 

Foreign exchange forward contracts

 

Other current assets

  $     $ 10,934  

       

Liability Derivatives

 

(in thousands)

 

Classification

 

June 30,
201
4

   

December 31,
2013

 

Foreign exchange forward contracts

 

Other current liabilities

  $     $ 11,000  

     All cash flows related to our foreign currency exchange contracts are classified as operating cash flows.  We recognized in other income, the following realized and unrealized gains from foreign currency forward exchange contracts:


       

Three Months Ended June 30,

   

Six Months Ended June 30,

 

(in thousands)

 

Classification

 

2014

   

2013

   

2014

   

2013

 

Foreign exchange forward contracts

 

Other Income (Loss)

  $ 203     $ (188

)

  $ (145

)

  $ (188 )