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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities  
Fair value of derivative instruments

 

 

Asset Derivatives

 

 

 

December 31,

 

 

 

2013

 

2014

 

Derivatives Not Designated as
Hedging Instruments

 

Balance Sheet
Location

 

Fair
Value

 

Balance Sheet
Location

 

Fair
Value

 

Foreign exchange contracts

 

Prepaid expenses and other

 

$
72 

 

Prepaid expenses and other

 

$— 

 

Total 

 

 

 

$
72 

 

 

 

$— 

 

 

 

 

Liability Derivatives

 

 

 

December 31,

 

 

 

2013

 

2014

 

Derivatives Not Designated as Hedging Instruments

 

Balance Sheet
Location

 

Fair
Value

 

Balance Sheet
Location

 

Fair
Value

 

Foreign exchange contracts

 

Accrued expenses

 

$
5,592 

 

Accrued expenses

 

$
2,411 

 

Total 

 

 

 

$
5,592 

 

 

 

$
2,411 

 

 

Fair value of derivative instruments, amount of (gain) loss recognized in income

 

 

 

 

Amount of (Gain) Loss
Recognized in Income
on Derivatives

 

 

 

 

 

December 31,

 

Derivatives Not Designated as Hedging Instruments

 

Location of (Gain) Loss
Recognized in Income on
Derivative

 

2012

 

2013

 

2014

 

Foreign exchange contracts

 

Other expense (income), net

 

$
13,007 

 

$
(2,955)

 

$
18,016 

 

Total 

 

 

 

$
13,007 

 

$
(2,955)

 

$
18,016 

 

 

Foreign exchange (losses) gains, net of tax, due to the currency translation adjustments

 

 

Year Ended December 31,

 

 

 

2012

 

2013

 

2014

 

Foreign exchange (losses) gains

 

$
(4,408)

 

$
(5,311)

 

$
6,385 

 

Tax benefit (expense) on foreign exchange (losses) gains

 

1,740 

 

2,073 

 

(57)

 

Foreign exchange (losses) gains, net of tax

 

$
(2,668)

 

$
(3,238)

 

$
6,328