DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Summary information about the Forward Contracts to Sell U.S. Dollars and Buy Indian Rupees

Summary information about the forward contracts to sell U.S. Dollars and buy Indian Rupees as of June 30, 2014 and December 31, 2013 is as follows:

	June 30, 2014		December 31, 2013
Notional amounts (in thousands)	$	60,000	$	—
Weighted exchange rate	INR	59.65		n/a
Weighted average maturity		3 months		n/a
Fair values reported in:
Other current assets (in thousands)	$	131	$	—
Other liabilities (in thousands)	$	—	$	—

Net Gains Recorded in Other Income and Consolidated Statements of Income , Net Relating to Foreign Exchange Contracts Not Designated as Hedges

The following table presents the net gains recorded in other income, net relating to the foreign exchange contracts not designated as hedges for the periods ending June 30, 2014 and 2013.

Gains (losses) recognized in other income:

	THREE MONTHS ENDED					SIX MONTHS ENDED
	JUNE 30,					JUNE 30,
	2014		2013			2014		2013
	(In thousands)					(In thousands)
Gains (losses) recognized in other income (loss), net	$	1,976	$	(7,975	)	$	3,456		(7,399	)

Net Gains Recorded in Accumulated Other Comprehensive Income (Loss) Relating to Foreign Exchange Contracts Designated as Net Investment Hedges

The following table presents the net gains (losses) recorded in accumulated other comprehensive income (loss) relating to the foreign exchange contracts designated as net investment hedges for the periods ending June 30, 2014.

Gains and (losses) on derivatives:

	THREE MONTHS ENDED					SIX MONTHS ENDED
	JUNE 30,					JUNE 30,
	2014		2013			2014		2013
	(In thousands)					(In thousands)
Gains (losses) recognized in other comprehensive income (loss)	$	—	$	(4,808	)	$	724	$	(4,718	)