Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities

Schedule of notional amounts outstanding under foreign currency contracts

The Company had the following notional amounts outstanding under foreign currency contracts at December 31, (in millions):

Buy	Notional Amount in Buy Currency		Sell	Maturity	Notional Amount in U.S. Dollars		Fair Value of Assets		Fair Value of Liabilities
December 31, 2015:
Euro		21.1	U.S. Dollars	January 2016	$	24.2	$	—	$	1.2
Swiss Francs		5.9	U.S. Dollars	April 2016		6.0		—		0.1
U.S. Dollars		6.0	Israel Shekel	April 2016		6.0		—		—
					$	36.2	$	—	$	1.3
December 31, 2014:
Euro		43.3	U.S. Dollars	January 2015 to September 2015	$	55.4	$	—	$	2.9
U.S. Dollars		0.3	Euro	February 2015 to December 2015		0.3		—		—
Euro		0.1	British Pounds	January 2015 to June 2015		0.1		—		—
Yen		5.7	Euro	March 2015		0.1		—		—
Swiss Francs		41.4	U.S. Dollars	January 2015		43.9		—		2.2
					$	99.8	$	—	$	5.1

Schedule of fair value and balance sheet location of derivative instruments

The fair value of the derivative instruments described above are recorded in the consolidated balance sheets for the years ended December 31, 2015 and 2014 as follows (in millions):

	Balance Sheet Location	2015		2014
Derivative assets:
Embedded derivatives in purchase and delivery contracts	Other current assets	$	0.5	$	0.6
Derivative liabilities:
Foreign exchange contracts	Other current liabilities	$	1.3	$	5.1
Embedded derivatives in purchase and delivery contracts	Other current liabilities		0.5		0.4
Fixed price commodity contracts	Other current liabilities		0.4		0.2

Schedule of impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments

The impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments for the years ending December 31 are as follows (in millions) and are recorded within interest and other income (expense), net in the consolidated statements of income and comprehensive income (loss): 

	2015			2014			2013
Foreign exchange contracts	$	3.8		$	(7.4	)	$	0.5
Embedded derivatives in purchase and delivery contracts		(0.2	)		0.4			(0.2	)
Fixed price commodity contracts		(0.2	)		(0.3	)		0.3
Income (expense), net	$	3.4		$	(7.3	)	$	0.6