Foreign Currency Exchange Contracts and Hedging

12 Months Ended

Dec. 31, 2012

Foreign Currency Exchange Contracts and Hedging

Foreign Currency Exchange Contracts and Hedging

(9) Foreign Currency Exchange Contracts and Hedging

        As of December 31, 2012, the Company's total non-designated derivative contracts had notional amounts totaling approximately $19,000. These contracts were comprised of offsetting contracts with the same counterparty, each expire in March 2013, and have an unrealized gain of approximately $500.

        The nonperformance risk of the Company and the counterparty did not have a material impact on the fair value of the derivatives. During the year ended December 31, 2012, the ineffective portion relating to these hedges was immaterial and the hedges remained effective through their respective settlement dates. As of December 31, 2012, the Company had no outstanding designated hedges.

        Subsequent to December 31, 2012 the Company entered into designated hedging contracts with notional amounts totaling approximately $63,000.

        The following tables summarize the effect of derivative instruments on the consolidated financial statements:

For the Year Ended December 31,	Derivatives in Designated Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Amount Excluded from Effectiveness Testing	Gain (Loss) from Amount Excluded from Effectiveness Testing
2012	Foreign Exchange Contracts	$(1,191)	Net Sales	$617	SG&A	$    26
2011	Foreign Exchange Contracts	$(1,376)	Net Sales	$125	SG&A	$(260)

For the Year Ended December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives
2012	Foreign Exchange Contracts	SG&A	$1,030
2011	Foreign Exchange Contracts	SG&A	$(541)