XML 36 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The following table summarizes financial assets and liabilities carried at fair value, including derivative instruments on a gross basis, and the location of these instruments on the Condensed Consolidated Balance Sheets as of June 30, 2015, December 31, 2014 and June 30, 2014:
 
 
 
Assets (Liabilities)
 
Fair Value Measurements Using
(In thousands)
 
 
 at Fair Value
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Derivatives recorded in "Other current assets":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts of recognized assets
 
$
6,226

 
$
—

 
$
6,226

 
$
—

Currency hedge portfolio
Gross amounts offset in the balance sheets
 
(2
)
 
—

 
(2
)
 
—

 
Net amount recorded in other current assets
 
6,224

 
—

 
6,224

 
—

Derivatives recorded in "Accrued liabilities":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts offset in the balance sheets
 
1,460

 
—

 
1,460

 
—

Bunker fuel forward contracts
Gross amounts of recognized liabilities
 
(2,810
)
 
—

 
(2,810
)
 
—

Net amount recorded in accrued liabilities
(1,350
)
 
—

 
(1,350
)
 
—

June 30, 2015
 
 
$
4,874

 
$
—

 
$
4,874

 
$
—

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Derivatives recorded in "Other current assets":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts of recognized assets
 
$
10,215

 
$
—

 
$
10,215

 
$
—

Currency hedge portfolio
Gross amounts offset in the balance sheets
 
(145
)
 
—

 
(145
)
 
—

Net amount recorded in other current assets
10,070

 
—

 
10,070

 
—

Derivatives recorded in "Accrued liabilities":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts offset in the balance sheets
 
14,103

 
—

 
14,103

 
—

Currency hedge portfolio
Gross amounts of recognized liabilities
 
(438
)
 
—

 
(438
)
 
—

Bunker fuel forward contracts
Gross amounts offset in the balance sheets
 
(15,990
)
 
—

 
(15,990
)
 
—

Net amount recorded in accrued liabilities
(2,325
)
 
—

 
(2,325
)
 
—

December 31, 2014
 
 
$
7,745

 
$
—

 
$
7,745

 
$
—

 
 
 
 
 
 
 
 
 
 
June 30, 2014
 
 
 
 
 
 
 
 
 
Derivatives recorded in "Other current assets":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts of recognized assets
 
$
1,259

 
$
—

 
$
1,259

 
$
—

Currency hedge portfolio
Gross amounts offset in the balance sheets
 
(1,171
)
 
—

 
(1,171
)
 
—

Bunker fuel forward contracts
Gross amounts of recognized assets
 
830

 
—

 
830

 
—

Bunker fuel forward contracts
Gross amounts offset in the balance sheets
 
(14
)
 
—

 
(14
)
 
—

30-day euro forward contracts
Gross amounts offset in the balance sheet
 
(84
)
 
—

 
(84
)
 
—

Net amount recorded in other current assets
 
820

 
—

 
820

 
—

Derivatives recorded in "Investments & other assets, net":
 
 
 
 
 
 
 
 
Bunker fuel forward contracts
Gross amounts of recognized assets
 
293

 
 
 
293

 
 
Net amount recorded in investments & other assets, net
 
293

 
—

 
293

 
—

Derivatives recorded in "Accrued liabilities":
 
 
 
 
 
 
 
 
Currency hedge portfolio
Gross amounts offset in the balance sheets
 
2,482

 
—

 
2,482

 
—

Currency hedge portfolio
Gross amounts of recognized liabilities
 
(3,081
)
 
—

 
(3,081
)
 
—

Bunker fuel forward contracts
Gross amounts offset in the balance sheets
 
322

 
—

 
322

 
—

Bunker fuel forward contracts
Gross amounts of recognized liabilities
 
(476
)
 
—

 
(476
)
 
—

30-day euro forward contracts
Gross amounts of recognized liabilities
 
(254
)
 
—

 
(254
)
 
—

 
Net amount recorded in accrued liabilities
(1,007
)
 
—

 
(1,007
)
 
—

Derivatives recorded in "Other liabilities":
 
 
 
 
 
 
 
 
Bunker fuel forward contracts
Gross amounts of recognized liabilities
 
(10
)
 
 
 
(10
)
 
 
Net amount recorded in other liabilities
(10
)
 
—

 
(10
)
 
—

June 30, 2014
 
 
$
96

 
$
—

 
$
96

 
$
—