FOREIGN CURRENCY FORWARD CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance sheet locations, fair values and net gains and losses of foreign currency forward contracts

The following table sets forth the balance sheet classification and fair values of the Company’s foreign currency contracts (in thousands):

Derivatives Not Designated as Hedging Instruments Under Accounting Standards Codification (“ASC”) Topic 815	Balance Sheet Classification	Fair Value at December 31, 2015	Fair Value at December 31, 2014
Financial liabilities:
Foreign currency contracts	Accrued expenses and other current liabilities	$14	$518

The following table sets forth the net foreign exchange gains (losses) recorded as marketing and selling expenses in the Company’s statements of operations during the years ended December 31, 2015, 2014 and 2013 that resulted from foreign currency forward contracts, foreign currency denominated transactions, and the revaluation of foreign currency denominated assets and liabilities (in thousands):

	Twelve Months Ended December 31,
	2015	2014	2013
Net foreign exchange gain (loss) recorded in marketing and selling expenses	$1,288	$(908)	$(187)

See Note F for additional information on the fair value measurements for all financial assets and liabilities, including derivative assets and derivative liabilities, that are measured at fair value on a recurring basis.