XML 52 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Financial Instruments Measured at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
he following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2014:

 
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
 
$
99,000

 
$
—

 
$
—

 
$
99,000

Available-for-sale securities
 
38,109

 
—

 
—

 
38,109

Interest rate swaps
 
—

 
378

 
—

 
378

Foreign exchange contracts
 
—

 
694

 
—

 
694

Contingent consideration
 
—

 
—

 
(6,202
)
 
(6,202
)
 
 
$
137,109

 
$
1,072

 
$
(6,202
)
 
$
131,979


The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2013:

 
 
Level 1
 
Level 2
 
Level 3
 
Total
Available-for-sale securities
 
$
69,857

 
$
—

 
$
—

 
$
69,857

Foreign exchange contracts
 
—

 
(654
)
 
—

 
(654
)
Contingent consideration
 
—

 
—

 
(5,845
)
 
(5,845
)
 
 
$
69,857

 
$
(654
)
 
$
(5,845
)
 
$
63,358
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table summarizes the Level 3 activity for the year ended December 31, 2014:

Balance as of December 31, 2013
$
(5,845
)
Fair value of initial contingent consideration
(5,853
)
Change in fair value of contingent consideration included in earnings
2,976

Payment of contingent consideration
1,499

Foreign currency translation adjustment
1,021

Balance as of December 31, 2014
$
(6,202
)
Available-for-sale Securities [Text Block]
The fair value of the company's available-for-sale securities is as follows at December 31:
 
 
 
 
2014
  
 
 
 
Marubun
 
Mutual Funds
Cost basis
 
 
 
$
10,016

 
$
16,233

Unrealized holding gain
 
 
 
6,174

 
5,686

Fair value
 
 
 
$
16,190

 
$
21,919

 
 
 
 
 
 
 
 
 
2013
 
 
Marubun
 
WPG
 
Mutual Funds
Cost basis
 
$
10,016

 
$
10,798

 
$
15,614

Unrealized holding gain
 
2,709

 
24,903

 
5,817

Fair value
 
$
12,725

 
$
35,701

 
$
21,431
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block]
The fair values of derivative instruments in the consolidated balance sheets are as follows at December 31:
 
 
Asset (Liability) Derivatives
  
 
  
 
Fair Value
  
 
Balance Sheet
Location
 
2014
 
2013
Derivative instruments designated as hedges:
 
 
 
 
 
 
Interest rate swaps designated as fair value hedges
 
Other liabilities
 
$
(3
)
 
$
—

Interest rate swaps designated as fair value hedges
 
Other assets
 
381

 
—

Foreign exchange contracts designated as cash flow hedges
 
Other current assets
 
960

 
368

Foreign exchange contracts designated as cash flow hedges
 
Accrued expenses
 
(376
)
 
(203
)
Total derivative instruments designated as hedging instruments
 
 
 
962

 
165

Derivative instruments not designated as hedges:
 
 
 
 

 
 

Foreign exchange contracts
 
Other current assets
 
2,404

 
1,275

Foreign exchange contracts
 
Accrued expenses
 
(2,294
)
 
(2,094
)
Total derivative instruments not designated as hedging instruments
 
 
 
110

 
(819
)
Total
 
 
 
$
1,072

 
$
(654
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]
The effect of derivative instruments on the consolidated statements of operations is as follows for the years ended December 31:

 
 
Gain (Loss) Recognized in Income
  
 
2014
 
2013
 
2012
Fair value hedges:
 
 
 
 
 
 
Interest rate swaps (a)
 
$
—

 
$
—

 
$
—

Total
 
$
—

 
$
—

 
$
—

Derivative instruments not designated as hedges:
 
 
 
 
 
 
Foreign exchange contracts (b)
 
$
(793
)
 
$
(144
)
 
$
(3,777
)
Total
 
$
(793
)
 
$
(144
)
 
$
(3,777
)

 
 
Cash Flow Hedges
 
 
Interest Rate Swaps (c)
 
Foreign Exchange Contracts (d)
2014
 
 
 
 
Effective portion:
 
 
 
 
  Gain recognized in other comprehensive income
 
$
—

 
$
412

  Loss reclassified into income
 
$
(656
)
 
$
(402
)
Ineffective portion:
 
 
 
 
  Gain (loss) recognized in income
 
$
—

 
$
—

 
 
 
 
 
2013
 
 
 
 
Effective portion:
 
 
 
 
  Gain (loss) recognized in other comprehensive income
 
$
3,132

 
$
(243
)
  Gain (loss) reclassified into income
 
$
(537
)
 
$
439

Ineffective portion:
 
 
 
 
  Gain (loss) recognized in income
 
$
292

 
$
—

 
 
 
 
 
2012
 
 
 
 
Effective portion:
 
 
 
 
  Gain (loss) recognized in other comprehensive income
 
$
(7,823
)
 
$
1,012

  Gain (loss) reclassified into income
 
$
—

 
$
(54
)
Ineffective portion:
 
 
 
 
  Gain (loss) recognized in income
 
$
—

 
$
—



(a)
The amount of gain (loss) recognized in income on derivatives is recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations.
(b)
The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.
(c)
Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations.
(d)
Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.