XML 21 R27.htm IDEA: XBRL DOCUMENT v2.3.0.15
Foreign Currency Hedging (Tables)
9 Months Ended
Sep. 30, 2011
Foreign Currency Hedging [Abstract] 
Schedule of foreign currency exchange contracts designated as cash flow hedge
The following table summarizes the notional amounts, Eurodollar exchange rates and fair values of our open Eurodollar contracts designated as cash flow hedges:
 
        
September 30, 2011
  
December 31, 2010
 
Eurodollar Forward Contracts
    
(in thousands)
  
(in thousands)
 
                   
Currency
 
Settlement Price
($ per Eurodollar)
 
Type
 
Notional Amount
  
Fair Value
  
Notional Amount
  
Fair Value
 
Eurodollar
  1.400 
 Sell Eurodollar
 $50,205  $1,838  $137,179  $6,740 
Eurodollar
  1.200 
 Sell Eurodollar
  117,941   (13,883)  117,941   (12,810)
Total
       $168,146  $(12,045) $255,120  $(6,070)
 
Eurodollar Option Contracts
               
                   
Currency
 
Strike Price
($ per Eurodollar)
 
Type
 
Notional Amount
  
Fair Value
  
Notional Amount
  
Fair Value
 
Eurodollar
  1.510 
Purchased call option
 $54,150  $46  $147,957  $772 
Eurodollar
  1.315 
Purchased call option
  129,244   9,290   129,244   10,251 
Total
       $183,394  $9,336  $277,201  $11,023 
Fair value of foreign currency exchange contracts on condensed consolidated balance sheet
The following table summarizes information about the fair value of our Eurodollar contracts on our Condensed Consolidated Balance Sheets:
 
      
Fair Value (In thousands)
 
Cash Flow Hedge
 
Location
 
September 30, 2011
  
December 31, 2010
 
Eurodollar contracts, net
 
Prepaid and other current assets
 $797  $5,946 
Eurodollar contracts, net
 
Accrued liabilities
  1,993   - 
Eurodollar contracts, net
 
Other long-term liabilities
  1,513   993