XML 40 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Derivative Instruments Disclosure [Abstract]  
Fair value of outstanding derivative instruments
The fair value of our outstanding derivative instruments was as follows:
 
 
Derivative Assets Reported in Other Current Assets 
 
Derivative Liabilities Reported in Other Current Liabilities
 
December 31,
2011
 
December 31,
2010
 
December 31,
2011
 
December 31,
2010
 
(In thousands)
Foreign exchange contracts designated as cash flow hedges
$
74,772

 
$
35,853

 
$
2,927

 
$
4,162

Foreign exchange contracts not designated as hedging instruments
28,885

 
1,343

 
57,300

 
801

Other contracts not designated as hedging instruments
7,971

 

 

 

Total fair value of derivative instruments
$
111,628

 
$
37,196

 
$
60,227

 
$
4,963

Summary of activity of derivative contracts that qualify for hedge accounting and the impact of designated derivative contrqacts on accumulated other comprehensive income
The following table summarizes the activity of derivative contracts that qualify for hedge accounting as of December 31, 2011 and 2010, and the impact of designated derivative contracts on accumulated other comprehensive income for the years ended December 31, 2011 and 2010:
 
 
December 31, 2010
 
Amount of gain (loss)
recognized in other
comprehensive income
(effective portion) 
 
Amount of gain (loss)
reclassified from
accumulated other
comprehensive income
to net revenue and operating expense
(effective portion)
 
December 31, 2011
 
(In thousands)
Foreign exchange contracts designated as cash flow hedges
$
13,560

 
$
71,849

 
$
13,560

 
$
71,849




 
 
December 31, 2009
 
Amount of gain (loss)
recognized in other
comprehensive income
(effective portion) 
 
Amount of gain (loss)
reclassified from
accumulated other
comprehensive income
to net revenue and operating expense
(effective portion)
 
December 31, 2010
 
(In thousands)
Foreign exchange contracts designated as cash flow hedges
$
(4,821
)
 
$
30,385

 
$
12,004

 
$
13,560

Schedule of location in financial statements of recognized gains or losses related to derivative instruments
The following table provides the location in our financial statements of the recognized gains or losses related to our derivative instruments: 
 
Year Ended December 31,
 
2011
 
2010
 
2009
 
(In thousands)
Foreign exchange contracts designated as cash flow hedges recognized in net revenues
$
(25,863
)
 
$
11,135

 
$
15,430

Foreign exchange contracts designated as cash flow hedges recognized in operating expenses
(7,062
)
 

 

Foreign exchange contracts not designated as hedging instruments recognized in interest and other, net
(5,365
)
 
(9,345
)
 
(28,933
)
Other contracts not designated as hedging instruments recognized in interest and other, net
(569
)
 

 

Total gain (loss) recognized from derivative contracts in the consolidated statement of income
$
(38,859
)
 
$
1,790

 
$
(13,503
)