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Derivatives (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Unsettled Purchased Foreign Currency Forward Contracts
As of June 30, 2015 and December 31, 2014, we had the following unsettled purchased foreign currency forward contracts that were entered into to hedge our operational exposure to foreign currency movements (in thousands, except for average contract rates):
Outstanding Notional Amounts as of June 30, 2015
Buy Currency
 
Sell Currency
 
Foreign Amount
 
USD Amount
 
Average
Contract Rate
US Dollar
 
Australian Dollar
 
6,270

 
$
4,970

 
0.7927

Australian Dollar
 
US Dollar
 
2,740

 
$
2,103

 
0.7675

Euro
 
US Dollar
 
14,000

 
17,375

 
1.2411

British Pound Sterling
 
US Dollar
 
20,300

 
31,659

 
1.5596

Indian Rupee
 
US Dollar
 
1,225,000

 
18,671

 
0.0152

Polish Zloty
 
US Dollar
 
186,000

 
51,611

 
0.2775

Outstanding Notional Amounts as of December 31, 2014
Buy Currency
 
Sell Currency
 
Foreign Amount
 
USD Amount
 
Average
Contract Rate
US Dollar
 
Australian Dollar
 
6,750

 
$
5,838

 
0.8649

Euro
 
US Dollar
 
30,200

 
38,777

 
1.2840

British Pound Sterling
 
US Dollar
 
22,950

 
37,343

 
1.6271

Indian Rupee
 
US Dollar
 
1,205,000

 
18,748

 
0.0156

Polish Zloty
 
US Dollar
 
171,000

 
52,821

 
0.3089

Schedule of Outstanding Interest Rate Swaps
Interest Rate Swap Contracts—Interest rate swaps outstanding during the six months ended June 30, 2015 and 2014 are as follows:
 
 
Notional Amount
 
Interest Rate
Received
 
Interest Rate Paid
 
Effective Date
 
Maturity Date
Outstanding:
$750 million
 
1 month LIBOR(1)
 
1.48%
 
December 31, 2015
 
December 30, 2016
 
$750 million
 
1 month LIBOR(1)
 
2.19%
 
December 30, 2016
 
December 29, 2017
 
$750 million
 
1 month LIBOR(1)
 
2.61%
 
December 29, 2017
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
Matured:
$400 million
 
1 month LIBOR
 
2.03%
 
July 29, 2011
 
September 30, 2014
 
$350 million
 
1 month LIBOR
 
2.51%
 
April 30, 2012
 
September 30, 2014
______________________

(1)
Subject to a 1% floor.
Schedule of Estimated Fair Values of Derivatives Designated as Hedging Instruments
The estimated fair values of our derivatives designated as hedging instruments as of June 30, 2015 and December 31, 2014 are as follows (in thousands):
 
 
 
Derivative Assets (Liabilities)
 
 
 
 
Fair Value as of
Derivatives Designated as Hedging Instruments
 
Consolidated Balance Sheet Location
 
June 30, 2015
 
December 31, 2014
Foreign exchange contracts
 
Other accrued liabilities
 
$
(3,286
)
 
$
(8,475
)
Interest rate swaps
 
Other accrued liabilities
 
(1,758
)
 

 
 
Other noncurrent liabilities
 
(6,897
)
 
(1,401
)
 
 
 
 
$
(11,941
)
 
$
(9,876
)
Schedule of Effects of Derivative Instruments Net of Taxes on Other Comprehensive Income (Loss)
The effects of derivative instruments, net of taxes, on OCI for the three and six months ended June 30, 2015 and 2014 are as follows (in thousands):
 
 
 
Amount of Gain (Loss) Recognized in OCI on Derivative
(Effective Portion)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationships
 
2015
 
2014
 
2015
 
2014
Foreign exchange contracts
 
$
1,292

 
$
410

 
$
(3,045
)
 
$
618

Interest rate swaps
 
(410
)
 

 
(4,749
)
 

Total
 
$
882

 
$
410

 
$
(7,794
)
 
$
618


 
 
 
 
Amount of Gain (Loss) Reclassified from Accumulated OCI into
Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationships
 
Income Statement Location
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Foreign exchange contracts
 
Cost of revenue
 
$
(3,462
)
 
$
1,914

 
$
(6,932
)
 
$
3,597