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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):
 
March 31, 2015
 
December 31, 2014
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
USD / AUD
$
925

 
$
92

 
$
1,250

 
$
65

USD / CAD
2,968

 
(282
)
 
3,570

 
(63
)
USD / CHF
72

 
—

 
111

 
—

USD / EUR
33,883

 
3,501

 
25,524

 
—

USD / GBP
929

 
23

 
1,199

 
3

USD / NZD
5,861

 
(58
)
 
7,018

 
(55
)
USD / SEK
359

 
38

 
594

 
1

USD / MXP
7,650

 
(696
)
 
10,297

 
(657
)
EUR / AUD
324

 
(15
)
 
452

 
5

EUR / CAD
410

 
(16
)
 
580

 
(1
)
EUR / CHF
377

 
41

 
505

 
(2
)
EUR / DKK
445

 
(3
)
 
643

 
(3
)
EUR / GBP
18,687

 
(1,466
)
 
11,906

 
23

EUR / SEK
1,987

 
(21
)
 
2,917

 
(9
)
EUR / NOK
1,053

 
9

 
1,490

 
43

EUR / NZD
4,785

 
477

 
7,074

 
60

AUD / CAD
1,199

 
—

 
1,538

 
30

AUD / CHF
67

 
6

 
93

 
1

AUD / NZD
375

 
26

 
537

 
19

AUD / SEK
43

 
(2
)
 
61

 
(1
)
CAD / SEK
137

 
(5
)
 
182

 
(1
)
GBP / AUD
468

 
25

 
656

 
22

GBP / CHF
283

 
7

 
331

 
(1
)
GBP / SEK
2,149

 
(164
)
 
1,035

 
(2
)
DKK / CHF
210

 
(25
)
 
269

 
(2
)
DKK / SEK
1,542

 
(24
)
 
2,497

 
(44
)
NOK / CHF
52

 
6

 
66

 
2

NOK / SEK
1,053

 
(3
)
 
1,547

 
19

 
$
88,293

 
$
1,471

 
$
83,942

 
$
(548
)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment entered into in 2015 and 2014, respectively, and outstanding were as follows (in thousands USD):
 
March 31, 2015
 
December 31, 2014
 
Notional
Amount
 
Gain
(Loss)
 
Notional
Amount
 
Gain
(Loss)
AUD / USD
$
6,700

 
$
259

 
$
7,300

 
$
117

CAD / USD
7,738

 
(5
)
 
6,016

 
$
(6
)
CNY / USD
3,205

 
9

 
3,200

 
(14
)
EUR / USD
52,558

 
(1,851
)
 
53,365

 
(1,585
)
DKK / USD
1,419

 
19

 
—

 
—

GBP / USD
1,479

 
4

 
5,592

 
18

NOK / USD
1,343

 
22

 
—

 
—

NZD / USD
4,500

 
6

 
4,500

 
12

SEK / USD
580

 
2

 
—

 
—

 
$
79,522

 
$
(1,535
)
 
$
79,973

 
$
(1,458
)
Schedule of Derivatives Instruments Statements of Financial Position, Fair Value
The fair values of the Company’s derivative instruments were as follows (in thousands):
 
March 31, 2015
 
December 31, 2014
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
$
4,354

 
$
2,883

 
$
373

 
$
921

Derivatives not designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
390

 
1,925

 
147

 
1,605

Total derivatives
$
4,744

 
$
4,808

 
$
520

 
$
2,526
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The effect of derivative instruments on Accumulated Other Comprehensive Income (OCI) and the Statement of Comprehensive Income (Loss) and was as follows (in thousands):
Derivatives in ASC 815 cash flow hedge
relationships
Amount of Gain
(Loss) Recognized in Accumulated OCI on Derivatives
(Effective Portion)
 
Amount of Gain  (Loss)
Reclassified from
Accumulated  OCI into
Income (Effective
Portion)
 
Amount of Gain (Loss)
Recognized in Income on
Derivatives  (Ineffective Portion
and Amount Excluded from
Effectiveness Testing)
Three months ended March 31, 2015
 
 
 
 
 
Foreign currency forward exchange contracts
$
2,066

 
$
142

 
$
—

Three months ended March 31, 2014
 
 
 
 
 
Foreign currency forward exchange contracts
$
(634
)
 
$
(126
)
 
$
—

Interest rate swap contracts
8

 
—

 
—

 
$
(626
)
 
$
(126
)
 
$
—

 
 
 
 
 
 
Derivatives not designated as hedging
instruments under ASC 815
 
 
 
 
Amount of Gain (Loss)
Recognized in Income on Derivatives
Three months ended March 31, 2015
 
 
 
 
 
Foreign currency forward exchange contracts
 
$
(1,535
)
Three months ended March 31, 2014
 
 
 
 
 
Foreign currency forward exchange contracts
 
$
(345
)