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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Hedge Transactions Qualifying for Hedge Accounting

Outstanding hedge transactions qualifying for hedge accounting as of September 30, 2014 (amounts in thousands):

 

     Maturity Date Ranges    Rupee Strike Price
Ranges
     Amount      Net Unrealized
Gain/(Loss)
September 30, 2014
 

Forward contracts USD:

           

From:

   October 20, 2014         

To:

   December 18, 2015      62.35 – 70.41         

Total

         $ 1,458       $ 11   

Effect of Derivative Instruments on Consolidated Statements of Operations and Comprehensive Income

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income are as follows (in thousands):

 


Derivatives in ASC Topic 815 Cash Flow Hedging Relationships

   Amount of
Gain / (Loss)
recognized in

OCI on
Derivatives
    Location of
Gain / (Loss)
reclassified

from
Accumulated

OCI to
Income
(Expense)
   Amount of
Gain / (Loss)
reclassified

from
Accumulated

OCI to
Income
(Expense)
    Location of
Gain / (Loss)
reclassified in
Income

(Expense)
on Derivatives
  Amount of
Gain / (Loss)
recognized in
Income

(Expense)
on Derivatives
 
     (Effective
Portion)
    (Effective
Portion)
   (Effective
Portion)
   

(Ineffective Portion/Amounts

excluded from

effectiveness testing)

 

For the Three Months Ended September 30, 2014:

           

Currency Forward Contracts

   $ (51   SG&A

Expense

   $ 29      Other

Income/

(Expense)

  $ (1

For the Nine Months Ended September 30, 2014:

           

Currency Forward Contracts

   $ (16   SG&A

Expense

   $ 33      Other

Income/

(Expense)

  $ 67   

For the Three Months Ended September 30, 2013:

           

Currency Forward Contracts

   $ 20      SG&A

Expense

   $ (16   Other

Income/

(Expense)

  $ (40

For the Nine Months Ended September 30, 2013:

           

Currency Forward Contracts

   $ (75   SG&A

Expense

   $ (12   Other

Income/

(Expense)

  $ 1
Information on Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets

Information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets (in thousands):

 

     September 30, 2014      December 31, 2013  

Derivative Instruments

   Balance Sheet Location      Fair Value      Balance Sheet Location      Fair Value  

Currency Forward Contracts

    
 
Prepaid and Other
Current Assets
  
  
   $ 39        
 
Prepaid and Other
Current Assets
  
  
   $ 67