DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The following tables summarize our derivative financial instruments:

Asset and Liability Derivatives

	March 31, 2015		December 31, 2014
	(in thousands)
Derivatives Designated as Hedges:
Location:
Accounts receivable-other	$	1,342	$	1,173
Other assets		-		16
Total asset derivatives	$	1,342	$	1,189
Accounts payable	$	49,965	$	32,431
Other liabilities		9,833		15,670
Total liability derivatives	$	59,798	$	48,101

Effects of Derivative Instruments on Financial Statements

The Effects of Derivative Instruments on our Financial Statements

	Three Months Ended March 31,
	2015			2014
	(in thousands)
Derivatives Designated as Hedges:
Amount of gain/(loss) recognized in other comprehensive income (loss)	$	(36,690	)	$	12,358
Income (loss)  reclassified from AOCI into income: effective portion
Location: Cost of operations		19,854		$	202
Gain(loss) recognized in income (loss): ineffective portion and amount excluded from effectiveness testing
Location: Gain (loss) on foreign currency—net		1,817			(847	)