XML 45 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments on our Condensed Consolidated Balance Sheets
The fair value of derivative instruments on our Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016 were as follows:
 
 
September 30, 2017
 
December 31, 2016
 
 
Fair Value Asset Derivatives
 
Fair Value Liability Derivatives
 
Fair Value Asset Derivatives
 
Fair Value Liability Derivatives
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency option contracts(1)
 
$
67

 
$
—

 
$
184

 
$
—

Foreign currency forward contracts(1)
 
8,346

 
31,921

 
—

 
13

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency option contracts
 
—

 
—

 
—

 
—

Foreign currency forward contracts(1)
 
$
539

 
$
2,010

 
$
12

 
$
162

(1) 
Contracts that mature within the next 12 months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets. Contracts with maturities greater than 12 months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets. Amounts included in our Condensed Consolidated Balance Sheets are recorded net where a right of offset exists with the same derivative counterparty.
Derivative Instruments, Gain (Loss) [Table Text Block]
The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2017 was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30, 2017
 
September 30, 2017
 
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Net loss recognized in Other Comprehensive Income, net of
tax(1)
 
$
(40
)
 
$
(4,492
)
 
$
(177
)
 
$
(14,026
)
Net (loss) gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Sales
 
(141
)
 
26

 
(140
)
 
(76
)
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income
 
—

 
374

 
—

 
823

Net loss reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Losses) Gains
 
—

 
(3,705
)
 
—

 
(10,853
)
Net (loss) gain recognized in earnings(2)
 
(7
)
 
3

 
(12
)
 
8

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Net loss recognized in earnings(3)
 
$
—

 
$
(2,062
)
 
$
(1,132
)
 
$
(7,369
)
The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements Operations for the three and nine months ended September 30, 2016 was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30, 2016
 
September 30, 2016
 
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Net loss recognized in Other Comprehensive Income, net of tax(1)
 
$
(20
)
 
$
(9
)
 
$
(250
)
 
$
(74
)
Net (loss) gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Sales
 
(88
)
 
37

 
(88
)
 
11

Net (loss) gain recognized in earnings(2)
 
(11
)
 
1

 
(17
)
 
1

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Net loss recognized in earnings(3)
 
$
—

 
$
(330
)
 
$
—

 
$
(2,392
)
(1) 
Net change in the fair value of the effective portion classified in Other Comprehensive Income.
(2) 
Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction (Losses) Gains.
(3) 
Classified in Net Foreign Currency Transaction (Losses) Gains.