XML 46 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Mar. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Fair Value of Outstanding Derivative Instruments

The fair value of the Company’s outstanding derivative instruments is as follows:

 

     As at
March 31,
     As at
December 31,
 
     2014
(Unaudited)
     2013
(Audited)
 

Derivative assets:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 11       $ —     

Derivative liabilities:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange forward contracts

   $ —         $ 16   
Increase in Gains (Losses) Recognized in "Accumulated Other Comprehensive Income ( Loss)" on Derivatives, Before Tax Effect

The increase in gains (losses) recognized in “accumulated other comprehensive income (loss)” on derivatives, before tax effect, is as follows:

 

     Three months ended
March 31,
 
     2014
(unaudited)
     2013
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 11       $ 68   

Foreign exchange forward contracts

     17         38   
  

 

 

    

 

 

 
   $ 28       $ 106   
  

 

 

    

 

 

 
Gain (Losses) Reclassified from "Accumulated Other Comprehensive Income (Loss)"

The gains (losses) reclassified from “accumulated other comprehensive income (loss)” into income, are as follows:

 

     Three months ended
March 31,
 
     2014
(unaudited)
    2013
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

    

Foreign exchange option contracts

   $ —        $ (60

Foreign exchange forward contracts

     (1     (40
  

 

 

   

 

 

 
   $ (1   $ (100